MP backs biodiesel tax break campaign

29 June 2011

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

Producers transforming cooking oil into biodiesel currently 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 actually been meeting the UK sustainable biodiesel alliance.

Mr George stated "a number of small companies in Cornwall currently make money from utilized cooking oil".

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

Biodiesel is a blend of diesel, rapeseed and veggie oils.

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