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 converting cooking oil into biodiesel presently take advantage of a 20p differential however 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 stated "a number of small companies in Cornwall presently earn money from used 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 form of tax inevitable."
Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.
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