MP Backs Biodiesel Tax Break Campaign

MP backs biodiesel tax break project

29 June 2011

Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce biodiesel.

Producers converting cooking oil into biodiesel presently benefit 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 consulting with the UK sustainable biodiesel alliance.

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

He added: "In order to be able to get this kind of market going it does need just a bit of lift which can be found in the form of tax inevitable."

Biodiesel is a blend of conventional diesel, rapeseed and .

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