CULTURE OF CORRUPTION: Big Oil Companies Reap Windfall From Ethanol Rules.

Companies including Chevron Corp., Royal Dutch Shell PLC, and BP PLC could reap a total of more than $1 billion this year by selling the renewable fuel credits associated with the ethanol program, according to an analysis commissioned by CVR Energy, a refinery operator controlled by billionaire Carl Icahn, a vocal critic of the rules.

For other companies, especially smaller refiners, the rules have had the opposite effect, forcing them to spend hundreds of millions to buy credits to comply.

It’s almost as though ethanol mandates were more about influencing Iowa voters and getting into bed with Big Oil than about protecting the environment.