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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 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 actually been meeting the UK sustainable biodiesel alliance.
Mr George stated "a number of small companies in Cornwall presently make money from used cooking oil".
He added: "In order to be able to get this type of market going it does require simply a bit of lift which can be found in the type of tax inescapable."
Biodiesel is a blend of conventional diesel, and vegetable oils.
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