MP Backs Biodiesel Tax Break Campaign

MP backs biodiesel tax break project

29 June 2011

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

Producers converting cooking oil into biodiesel currently take advantage of 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 meeting the biodiesel alliance.

Mr George stated “a number of small companies in Cornwall presently make money from utilized cooking oil”.

He added: “In order to have the ability to get this kind of market going it does require simply a little bit of lift which comes in the type of tax foregone.”

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

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