MP Backs Biodiesel Tax Break Campaign

MP backs break project


29 June 2011


Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for companies who produce biodiesel.


Producers transforming 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 actually been consulting with the UK sustainable biodiesel alliance.


Mr George said "a number of small companies in Cornwall presently earn money from used cooking oil".


He included: "In order to be able to get this type of industry going it does require simply a bit of lift which comes in the kind of tax foregone."


Biodiesel is a blend of standard diesel, rapeseed and vegetable oils.


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St Ives Liberal Democrats