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 presently from a 20p differential but 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 stated "a variety of small companies in Cornwall currently generate income from utilized cooking oil".

He added: "In order to be able to get this sort of industry going it does need simply a bit of lift which comes in the kind of tax foregone."

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

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