U.S. federal subsidies for renewable energy, which includes biofuels as well as renewable electricity generation, has declined by 56 percent since 2013, dipping to $6.7 billion in 2016. – Renewable energy receives about 46 percent of total energy subsidies. – A great portion of the federal support in 2010 came from the American Recovery and Reinvestment Act of 2009, commonly referred to as the “stimulus” program following the financial crisis. Market Movers • The U.S. EPA granted a biofuels waiver to the Carl Icahn-backed CVR Energy (NYSE: CVI), which will save the company tens of millions of dollars. The waivers have become a key source of contention between the ethanol and oil refining industries. The move also raises ethical questions because Icahn was an advisor to the Trump administration and is under investigation for his role […]