MP Backs Biodiesel Tax Break Campaign

[JackieChew]

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 converting cooking oil into biodiesel currently benefit 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 alliance.


Mr George said "a variety of small companies in Cornwall presently earn money from used cooking oil".


He included: "In order to have the ability to get this type of industry going it does need simply a little bit of lift which comes in the form of tax foregone."


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


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