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 due to 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 services in Cornwall currently generate income from used cooking oil".
He added: "In order to be able to get this type of industry going it does need just a bit of lift which comes in the form of tax inescapable."
Biodiesel is a mix of traditional diesel, rapeseed and vegetable oils.
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