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1 MP Backs Biodiesel Tax Break Campaign

Andreas Northrup edited this page 3 months ago

MP backs biodiesel tax break project

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 benefit from 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 with the biodiesel alliance.

Mr George stated "a variety of small companies in Cornwall currently generate income from used cooking oil".

He added: "In order to have the ability to get this kind of market going it does require simply 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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