# CEI Joins Coalition Letter In Support of EPA Proposed Adjustments to the Renewable Volume Obligations for Biodiesel - Competitive Enterprise Institute

> The Institute for Energy Research and co-signers wrote to EPA Administrator Pruitt backing proposed revisions to Renewable Volume Obligations for biomass-based diesel for 2018 and 2019. The letter argues biodiesel costs about $1.74 per gallon more than petroleum diesel and that the mandate conflicts with energy independence goals.

- Date: 2018-01-30 · published 2018-01-30T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/66861-cei-joins-coalition-letter-in-support-of-epa-proposed-adjustments-to-the
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A lower biodiesel mandate would reduce demand for soybean oil used in biodiesel, which is bearish for soybean oil and supportive of diesel-blend economics, while keeping the RFS intact supports soy crush demand.

## Read by commodity

- SBO: bearish ▼
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-11-30 | [NBB disappointed in renewable volume obligation for biodiesel - Brownfield Ag News](https://feedsoft.ai/events/67843-nbb-disappointed-in-renewable-volume-obligation-for-biodiesel-brownfield-ag-news.md) | -2.5% | -4.3% |
| SBO | 2017-10-04 | [Renewable Fuel Standard Program: Standards for 2018 and Biomass-Based Diesel Volume for 2019; Availability of Supplemental Information and Request for Further Comment \| 82 FR 46174](https://feedsoft.ai/events/68332-renewable-fuel-standard-program-standards-for-2018-and-biomass-based-diesel.md) | +1.1% | +6.9% |
| SBO | 2023-06-21 | [NOPA Responds to EPA's Final Rule on RFS Renewable Volume Obligations (RVOs) for 2023-2025 - NOPA](https://feedsoft.ai/events/15300-nopa-responds-to-epa-s-final-rule-on-rfs-renewable-volume-obligations-rvos-for.md) | -0.5% | +5.8% |
| SBO | 2023-06-22 | [EPA releases final rule for short-term renewable fuel obligations, falling short of biofuel industry's expectations - RealAgriculture](https://feedsoft.ai/events/15302-epa-releases-final-rule-for-short-term-renewable-fuel-obligations-falling-short.md) | +1.7% | +10.0% |
| SBO | 2017-09-28 | [EPA Solicits Comments on Potential Cuts to Biodiesel RFS Volumes - American Soybean Association](https://feedsoft.ai/events/68821-epa-solicits-comments-on-potential-cuts-to-biodiesel-rfs-volumes-american.md) | -0.1% | +3.8% |
| SOY | 2022-06-07 | [Due Diligence Requirements to Tackle Deforestation: An overview of the EU and British proposals \| International Institute for Sustainable Development](https://feedsoft.ai/events/40966-due-diligence-requirements-to-tackle-deforestation-an-overview-of-the-eu-and.md) | +0.5% | -7.0% |
| SOY | 2022-09-06 | [Agricultural commodity trader responses and the effectiveness of the new EU deforestation proposal \| European Forest Institute](https://feedsoft.ai/events/39614-agricultural-commodity-trader-responses-and-the-effectiveness-of-the-new-eu.md) | +2.6% | -9.0% |
| SOY | 2021-10-01 | [Is the Past the Prologue for the Future of Agricultural Policy in the United States? \| American Enterprise Institute - AEI](https://feedsoft.ai/events/44521-is-the-past-the-prologue-for-the-future-of-agricultural-policy-in-the-united.md) | -0.7% | -1.8% |

## Sources

- cei.org: https://cei.org/coalition_letters/cei-joins-coalition-letter-in-support-of-epa-proposed-adjustments-to-the-renewable-volume-obligations-for-biodiesel/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.