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 take advantage of a 20p differential however that is due to 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 used cooking oil".
He added: "In order to be able to get this sort of industry going it does require simply a bit of lift which can be found in the form of tax inevitable."
Biodiesel is a mix of standard diesel, rapeseed and veggie oils.
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