The Wall Street Journalis reporting that activist investor and Icahn Enterprises L.P.'s (NYSE:IEP) majority shareholder Carl Icahn is "expected to be named special adviser to the president on overhauling federal regulations." Mr. Icahn, who controls merchant refiner CVR Refining (NYSE:CVRR) through CVR Energy (NYSE:CVI), supported Donald Trump's underdog bid for the U.S. presidency and advised him on business issues during the general election. He also has waged an extensive lobbying campaign aimed at the U.S. Environmental Protection Agency [EPA] with the goal of reducing merchant refiners' regulatory costs under the revised Renewable Fuel Standard [RFS2]. Earlier this month it was reported that Mr. Icahn had informally assisted the president-elect in selecting Oklahoma attorney general and noted EPA critic Scott Pruitt to be the Agency's next administrator. Now Mr. Icahn's role is to be both formalized and expanded with a remit that moves beyond a mere human resources role.
