MP backs biodiesel tax break campaign

29 June 2011

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

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

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

Mr George said "a variety of small organizations in Cornwall currently earn money from utilized cooking oil".

He included: "In order to have the ability to get this kind of market going it does need simply a little bit of lift which is available in the form of tax foregone."

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

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