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 transforming cooking oil into biodiesel presently benefit from a 20p differential however that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been meeting with the UK sustainable biodiesel alliance.
Mr George stated "a number of little businesses in Cornwall presently generate income from utilized cooking oil".
He added: "In order to have the ability to get this type of market going it does require simply a bit of lift which comes in the type of tax inevitable."
Biodiesel is a blend of conventional diesel, rapeseed and vegetable oils.
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