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1 MP Backs Biodiesel Tax Break Campaign

Tabatha Zinke edited this page 5 months ago

MP backs biodiesel tax 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 gain from a 20p differential but 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 stated "a number of small companies in Cornwall presently make cash from used cooking oil".

He added: "In order to have the ability to get this type of market going it does need just a little bit of lift which comes in the form of tax inevitable."

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

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