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 presently gain from a 20p differential but that is because of end next April.


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


Mr George stated "a variety of small companies in Cornwall currently make money from utilized cooking oil".


He included: "In order to be able to get this sort of industry going it does require simply a little bit of lift which can be found in the type of tax foregone."


Biodiesel is a blend of conventional diesel, and veggie oils.


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