MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers converting cooking oil into biodiesel currently benefit from a 20p differential but 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 stated "a variety of small services in Cornwall currently earn money from used cooking oil".
He added: "In order to have the ability to get this sort of industry going it does require just a little bit of lift which can be found in the type of tax inescapable."
Biodiesel is a mix of conventional diesel, rapeseed and vegetable oils.
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