MP Backs Biodiesel Tax Break Campaign

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 due to end next April.

The St Ives MP, who leads the Lib Dem Environment Team, has actually been fulfilling with the UK sustainable biodiesel alliance.

Mr George stated “a number of little companies in Cornwall currently generate income from used cooking oil”.

He included: “In order to have the ability to get this type of market going it does require simply a little bit of lift which is available in the type of tax inevitable.”

Biodiesel is a blend of standard diesel, rapeseed and veggie oils.

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