MP Backs Biodiesel Tax Break Campaign

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MP backs biodiesel tax break project

MP backs biodiesel tax break project


29 June 2011


Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.


Producers transforming cooking oil into biodiesel currently gain from 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 stated "a number of small companies in Cornwall currently make money from utilized cooking oil".


He included: "In order to have the ability to get this type of industry going it does need simply a bit of lift which can be found in the type of tax inescapable."


Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.


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