MP Backs Biodiesel Tax Break Campaign
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 but that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been with the UK sustainable biodiesel alliance.
Mr George said “a variety of small companies in Cornwall currently make money from utilized cooking oil”.
He added: “In order to be able to get this kind of industry going it does require simply a bit of lift which comes in the form of tax inescapable.”
Biodiesel is a blend of conventional diesel, rapeseed and veggie oils.
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