MP backs biodiesel tax break project

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 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 meeting the UK sustainable biodiesel alliance.

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

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

Biodiesel is a mix of traditional diesel, and veggie oils.

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