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 transforming cooking oil into biodiesel presently take advantage of 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 services in Cornwall presently make cash from utilized cooking oil".
He added: "In order to have the ability to get this sort of market going it does need simply a bit of lift which comes in the kind of tax inescapable."
Biodiesel is a mix of standard diesel, rapeseed and veggie oils.
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