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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 transforming cooking oil into biodiesel currently 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 meeting the UK sustainable biodiesel alliance.
Mr George said “a number of small services in Cornwall currently make money from utilized cooking oil”.
He included: “In order to have the ability to get this sort of market going it does require just a bit of lift which can be found in the type of tax inevitable.”
Biodiesel is a mix of conventional diesel, rapeseed and veggie oils.
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