MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for companies who produce biodiesel.
Producers converting cooking oil into biodiesel currently take advantage of a 20p differential however that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been consulting with the UK sustainable biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall presently generate income from utilized cooking oil".
He included: "In order to have the ability to get this type of industry going it does need simply a little bit of lift which can be found in the type of tax inevitable."
Biodiesel is a blend of conventional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
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