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 converting cooking oil into biodiesel currently gain from a 20p differential but that is because of 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 stated "a variety of small companies in Cornwall presently make cash from utilized cooking oil".
He included: "In order to be able to get this type of industry going it does need simply a little bit of lift which can be found in the kind of tax foregone."
Biodiesel is a mix of conventional diesel, rapeseed and vegetable oils.
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