MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
converting cooking oil into biodiesel currently benefit from 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 said "a number of small companies in Cornwall presently make cash from utilized cooking oil".
He included: "In order to have the ability to get this sort of market going it does need just a bit of lift which can be found in the type of tax foregone."
Biodiesel is a blend of traditional diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
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