MP Backs Biodiesel Tax Break Campaign

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MP backs biodiesel tax break campaign

MP backs biodiesel tax break project


29 June 2011


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


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


Mr George said "a number of little services in Cornwall presently generate income from used cooking oil".


He added: "In order to have the ability to get this sort of market going it does require just a little bit of lift which comes in the kind of tax inevitable."


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


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