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MP Backs Biodiesel Tax Break Campaign
MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers oil into biodiesel currently take advantage of 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 said „a variety of small companies in Cornwall presently earn money from used cooking oil”.
He added: „In order to have the ability to get this kind of market going it does need just a little bit of lift which is available in the kind of tax inevitable.”
Biodiesel is a mix of conventional diesel, rapeseed and vegetable oils.
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