MP backs biodiesel tax break campaign

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 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 consulting with the UK sustainable biodiesel alliance.

Mr George stated "a variety of small companies in Cornwall currently earn money from utilized cooking oil".

He included: "In order to be able to get this sort of market going it does need just a little bit of lift which can be found in the form of tax foregone."

Biodiesel is a blend of conventional diesel, and veggie oils.

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