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MP Backs Biodiesel Tax Break Campaign
MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.
Producers transforming cooking oil into biodiesel currently benefit 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 said “a variety of small companies in Cornwall currently generate income from utilized cooking oil”.
He added: “In order to have the ability to get this kind of industry going it does require simply a little bit of lift which comes in the form of tax inevitable.”
Biodiesel is a blend of conventional diesel, rapeseed and veggie oils.
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