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 converting cooking oil into biodiesel presently 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 consulting with the UK sustainable biodiesel alliance.
Mr George stated "a number of small companies in Cornwall presently generate income from used cooking oil".
He added: "In order to be able to get this sort of industry going it does require simply a little bit of lift which is available in the kind of tax foregone."
Biodiesel is a blend of traditional diesel, rapeseed and veggie oils.
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