MP Backs Biodiesel Tax Break Campaign
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 oil into biodiesel presently take advantage of a 20p differential but that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been meeting with the UK sustainable biodiesel alliance.
Mr George said "a variety of small companies in Cornwall presently earn money from utilized cooking oil".
He included: "In order to have the ability to get this sort of market going it does require simply a little bit of lift which is available in the type of tax inevitable."
Biodiesel is a blend of standard diesel, rapeseed and veggie oils.
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