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1 MP Backs Biodiesel Tax Break Campaign

Anna Dashwood edited this page 6 days ago

MP backs break campaign

29 June 2011

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

Producers transforming cooking oil into biodiesel presently take advantage of 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 consulting with the UK sustainable biodiesel alliance.

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

He added: "In order to have the ability to get this type of industry going it does need simply a little 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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