MP backs biodiesel tax break campaign

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 presently benefit from a 20p differential however that is due to end next April.

The St Ives MP, who leads the Lib Dem Environment Team, has actually been meeting with the UK sustainable biodiesel alliance.

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

He included: "In order to have the ability to get this type of market going it does require simply a little bit of lift which comes in the type of tax inescapable."

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

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