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Icahn Enterprises LP

IEP

Industrials

2

exclusion reasons

2 themes

Fossil Fuels (1) Environmental Harm (1)
IEP Industrials Current as of April 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Downstream Fossil Fuels
Since Nov 29, 2021

Icahn Enterprises LP holds a controlling stake of approximately 70% in CVR Energy, which operates two petroleum refineries in Coffeyville, Kansas and Wynnewood, Oklahoma with a combined crude throughput capacity of approximately 206,500 barrels per day. Per CVR Energy's Q3 2025 results, petroleum operations processed roughly 216,000 barrels per day, and CVR Energy's trailing twelve-month revenue ending September 2025 was approximately US$7.3 billion. The refineries produce gasoline, diesel, jet fuel, and distillates. In December 2025, CVR reverted its renewable diesel unit back to hydrocarbon processing due to unfavorable renewable economics. Petroleum refining through CVR Energy is a core holding within Icahn Enterprises' diversified portfolio.

Environmental Damage
Since Apr 14, 2016

Icahn Enterprises LP is excluded under environmental damage criteria. The company’s holdings include industrial and energy assets with a history of environmental incidents, though specific documentation of spills, contamination, or ecological harm from its operations is not currently detailed in this record. Further evidence gathering is required to substantiate the nature and scale of these impacts.

Research Sources 3 organizations

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.