1 MP Backs Biodiesel Tax Break Campaign
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MP backs biodiesel tax break campaign

29 June 2011

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

Producers converting cooking oil into biodiesel currently benefit from 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 companies in Cornwall presently generate income from utilized cooking oil".

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

Biodiesel is a mix of standard diesel, rapeseed and veggie oils.

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