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 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 Team, has actually been consulting with the UK sustainable biodiesel alliance.
Mr George said "a variety of little organizations in Cornwall presently generate income from used cooking oil".
He included: "In order to have the ability to get this sort of market going it does need just a bit of lift which is available in the form of tax foregone."
Biodiesel is a blend of traditional diesel, rapeseed and vegetable oils.
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