MP Backs Biodiesel Tax Break Campaign

MP backs biodiesel tax break campaign


29 June 2011


Liberal Democrat MP Andrew George is backing a project to keep tax breaks for business 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 the UK sustainable biodiesel alliance.


Mr George said "a number of small companies in Cornwall presently make money from used cooking oil".


He included: "In order to be able to get this sort of market going it does require just a bit of lift which is available in the form of tax inevitable."


Biodiesel is a mix of conventional diesel, rapeseed and veggie oils.


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