MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers converting cooking oil into biodiesel presently benefit from a 20p differential however that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been meeting with the UK sustainable biodiesel alliance.
Mr George stated "a variety of little companies in Cornwall currently earn money from utilized cooking oil".
He included: "In order to be able to get this type of industry going it does require just a bit of lift which comes in the kind of tax inevitable."
Biodiesel is a blend of conventional diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
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