MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers transforming cooking oil into biodiesel presently benefit 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 biodiesel alliance.
Mr George stated "a variety of little businesses in Cornwall currently generate income from used cooking oil".
He included: "In order to be able to get this sort of market going it does require simply a bit of lift which comes in the form of tax inevitable."
Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
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