MP backs biodiesel tax break campaign

29 June 2011

Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business 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 consulting with the UK sustainable biodiesel alliance.

Mr George said “a variety of small companies in Cornwall currently earn money from utilized cooking oil”.

He included: “In order to be able to get this kind of industry going it does need simply a bit of lift which is available in the type of tax inevitable.”

Biodiesel is a blend of standard diesel, and veggie oils.

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