MP Backs Biodiesel Tax Break Campaign
MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce biodiesel.
Producers converting cooking oil into biodiesel currently benefit from a 20p differential but that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been meeting with the UK sustainable biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall currently generate income from utilized cooking oil".
He added: "In order to have the ability to get this sort of industry going it does require simply a bit of lift which comes in the kind of tax inescapable."
Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.
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