MP Backs Biodiesel Tax Break Campaign

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 transforming cooking oil into biodiesel presently gain 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 consulting with the UK sustainable biodiesel .


Mr George stated "a variety of small organizations in Cornwall currently make money from used cooking oil".


He included: "In order to have the ability to get this kind of industry going it does require just a little bit of lift which is available in the kind of tax inescapable."


Biodiesel is a blend of traditional diesel, rapeseed and vegetable oils.


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