MP backs biodiesel tax break campaign

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 gain from a 20p differential however that is due to end next April.

The St Ives MP, who leads the Lib Dem Environment Team, has been meeting with the UK sustainable biodiesel alliance.

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

He included: "In order to be able to get this kind of industry going it does need simply a little bit of lift which is available in the type of tax inevitable."

Biodiesel is a blend of diesel, rapeseed and veggie oils.

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