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 transforming cooking oil into biodiesel currently take advantage of a 20p differential however 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 number of little services in Cornwall currently make money from used cooking oil".
He included: "In order to be able to get this type of market going it does require just a bit of lift which comes in the form of tax inescapable."
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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