MP Backs Biodiesel Tax Break Campaign

MP backs biodiesel tax break project


29 June 2011


Liberal Democrat George is backing a project to keep tax breaks for companies who produce biodiesel.


Producers converting cooking oil into biodiesel presently take advantage of a 20p differential however that is because of end next April.


The St Ives MP, who leads the Lib Dem Environment Team, has been consulting with the UK sustainable biodiesel alliance.


Mr George said "a number of small services in Cornwall presently earn money from utilized cooking oil".


He included: "In order to have the ability to get this kind of industry going it does need just a little bit of lift which can be found in the type of tax foregone."


Biodiesel is a blend of conventional diesel, rapeseed and vegetable oils.


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