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 presently gain from a 20p differential however that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been fulfilling with the UK sustainable biodiesel alliance.
Mr George said "a variety of small companies in Cornwall currently generate income from utilized cooking oil".
He added: "In order to have the ability to get this kind of industry going it does require simply a little bit of lift which is available in the type of tax foregone."
Biodiesel is a mix of conventional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
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