MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce biodiesel.
Producers transforming cooking oil into biodiesel presently gain from a 20p differential but that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been meeting the UK sustainable alliance.
Mr George said "a number of small companies in Cornwall presently generate income from used cooking oil".
He included: "In order to have the ability to get this sort of industry going it does need just a little bit of lift which comes in the kind of tax inevitable."
Biodiesel is a blend of traditional diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
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