MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for companies who produce biodiesel.
Producers transforming cooking oil into biodiesel currently take advantage of 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 number of small companies in Cornwall currently earn money from utilized cooking oil".
He included: "In order to be able to get this kind of market going it does require just a little bit of lift which can be found in the form of tax foregone."
Biodiesel is a mix of conventional diesel, rapeseed and veggie oils.
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