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 benefit from a 20p differential 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 stated "a variety of small businesses in Cornwall presently make cash from utilized cooking oil".
He included: "In order to be able to get this type of industry going it does need simply a little bit of lift which can be found in the kind of tax inevitable."
Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.
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