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 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 actually been meeting the UK sustainable biodiesel alliance.

Mr George said “a variety of little companies in Cornwall presently earn money from used cooking oil”.

He included: “In order to have the ability to get this kind of industry going it does need simply a bit of lift which can be found in the type of tax inescapable.”

Biodiesel is a blend of traditional diesel, rapeseed and vegetable oils.

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