MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce biodiesel.
Producers converting cooking oil into biodiesel presently take advantage of a 20p differential but that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been meeting the UK sustainable biodiesel alliance.
Mr George stated "a number of small services in Cornwall presently generate income from utilized cooking oil".
He included: "In order to have the ability to get this sort of market going it does require simply a bit of lift which can be found in the type of tax foregone."
Biodiesel is a blend of diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
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