MP Backs Biodiesel Tax Break Campaign
MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for companies who produce biodiesel.
Producers converting cooking oil into biodiesel currently gain from a 20p differential however that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been consulting with the UK sustainable biodiesel alliance.
Mr George said "a number of small companies in Cornwall presently make cash from used cooking oil".
He added: "In order to have the ability to get this kind of industry going it does require simply a bit of lift which is available in the kind of tax foregone."
Biodiesel is a mix of standard diesel, and vegetable oils.
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