Page: MP Backs Biodiesel Tax Break Campaign

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1 MP Backs Biodiesel Tax Break Campaign

Harriett Gray edited this page 1 week ago

MP backs break campaign

29 June 2011

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

Producers converting cooking oil into biodiesel presently benefit from a 20p differential however that is because of 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 said "a number of small services in Cornwall currently earn money from used cooking oil".

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

Biodiesel is a mix of standard diesel, rapeseed and veggie oils.

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