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1 MP Backs Biodiesel Tax Break Campaign

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MP backs biodiesel tax 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 gain from a 20p however that is due to end next April.

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

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

He included: "In order to be able to get this kind of market going it does require simply a bit of lift which is available in the type of tax inescapable."

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

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