MP backs biodiesel tax break campaign

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 presently take advantage of 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 meeting the UK sustainable biodiesel alliance.

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

He included: "In order to be able to get this type of market going it does need simply a bit of lift which can be found in the form of tax inescapable."

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

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