MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers 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 meeting the UK sustainable biodiesel alliance.
Mr George said "a number of small organizations in Cornwall currently make money from utilized cooking oil".
He included: "In order to have the ability to get this kind of industry going it does need simply a little bit of lift which comes in the type of tax foregone."
Biodiesel is a mix of standard diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
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