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 converting cooking oil into biodiesel currently 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 been with the UK sustainable biodiesel alliance.

Mr George said "a variety of small organizations in Cornwall presently generate income from utilized cooking oil".

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

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

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