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 converting cooking oil into biodiesel presently take advantage of a 20p however that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been consulting with the UK sustainable biodiesel alliance.
Mr George said "a number of small companies in Cornwall currently generate income from utilized cooking oil".
He included: "In order to have the ability to get this kind of market going it does need simply a bit of lift which can be found in the type of tax inevitable."
Biodiesel is a mix of conventional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
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