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Carl Icahn's refinery investment has rebounded by $1.4 billion, boosted by Trump energy policy

Tom DiChristopher

Shares of CVR Energy have more than doubled since August, resulting in a $1.4 billion paper gain for Carl Icahn, who holds an 82-percent stake in the company. CVR Energy's stock price slumped through much of last year as it became clear EPA would not adopt a policy proposal put forward by Icahn that would benefit the the company. Carl Icahn 's refinery investment stumbled last year as the activist investor's push to overhaul U.S. energy policy stalled.