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 converting cooking oil into biodiesel presently gain 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 meeting the UK sustainable biodiesel alliance.

Mr George stated "a number of small businesses in Cornwall presently generate income from used cooking oil".

He added: "In order to have the ability to get this kind of industry going it does need simply a bit of lift which can be found in the kind of tax inevitable."

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

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