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 currently gain from a 20p differential but that is due to end next April.
The St Ives MP, who leads the Lib Dem Team, has been consulting with the UK sustainable biodiesel alliance.
Mr George stated "a number of little companies in Cornwall presently earn money from utilized cooking oil".
He added: "In order to have the ability to get this kind of market going it does need just a little bit of lift which comes in the type of tax inescapable."
Biodiesel is a mix of traditional diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Cortez Desrochers edited this page 7 months ago