MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce biodiesel.
Producers converting cooking oil into biodiesel currently benefit from a 20p differential however that is because of end next April.
The St Ives MP, who leads the Lib Dem Team, has actually been meeting the UK sustainable biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall presently earn money from used cooking oil".
He included: "In order to be able to get this kind of industry going it does require simply a little bit of lift which can be found in the kind of tax foregone."
Biodiesel is a blend of conventional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
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