MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.
Producers transforming cooking oil into biodiesel currently gain from a 20p differential however that is because of 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 said "a variety of little companies in Cornwall currently make money from used cooking oil".
He included: "In order to be able to get this type of industry going it does require simply a bit of lift which comes in the form of tax inevitable."
Biodiesel is a blend of conventional diesel, rapeseed and veggie oils.
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