MP backs biodiesel tax break campaign
29 June 2011
MP Andrew George is backing a project to keep tax breaks for companies 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 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 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 inescapable."
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
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