MP backs biodiesel tax break project
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 differential but 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 stated "a variety of small businesses in Cornwall currently generate income from used cooking oil".
He included: "In order to be able to get this kind of industry going it does need just a little bit of lift which can be found in the type of tax inescapable."
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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