MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce biodiesel.
Producers transforming cooking oil into biodiesel presently 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 been meeting the UK sustainable biodiesel alliance.
Mr George stated "a number of small companies in Cornwall currently earn money from utilized cooking oil".
He added: "In order to be able to get this kind of market going it does need just a little bit of lift which can be found in the type of tax inevitable."
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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