MP Backs Biodiesel Tax Break Campaign

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MP backs biodiesel tax break project


29 June 2011


Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.


Producers converting cooking oil into biodiesel currently 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 consulting with the UK sustainable alliance.


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


He added: "In order to have the ability to get this sort of market going it does require simply a bit of lift which comes in the kind of tax foregone."


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


Fuel from pasties to power cars and trucks


13 May 2011


Old chip fat powers Place ferry


15 June 2010


St Ives Liberal Democrats

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