MP backs break campaign

29 June 2011

Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce biodiesel.

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

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

Mr George stated "a variety of small companies in Cornwall currently make cash from used cooking oil".

He added: "In order to have the ability to get this type of market going it does need just a bit of lift which comes in the kind of tax foregone."

Biodiesel is a mix of traditional diesel, rapeseed and vegetable oils.

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