MP backs biodiesel tax break campaign
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 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 the UK sustainable biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall presently earn money from utilized cooking oil".
He added: "In order to be able to get this sort of industry going it does need just a bit of lift which can be found in the type of tax inevitable."
Biodiesel is a blend of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
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