MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers transforming cooking oil into biodiesel presently 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 meeting the UK sustainable biodiesel alliance.
Mr George said "a number of small companies in Cornwall currently generate income from used cooking oil".
He included: "In order to have the ability to get this kind of market going it does require simply a bit of lift which is available in the kind of tax inevitable."
Biodiesel is a blend of standard diesel, rapeseed and vegetable oils.
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