MP backs biodiesel tax break project
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 meeting with the UK sustainable biodiesel alliance.
Mr George said "a variety of small organizations in Cornwall presently make cash from used cooking oil".
He added: "In order to be able to get this sort of industry going it does require just a bit of lift which is available in the form of tax inevitable."
Biodiesel is a mix of standard diesel, rapeseed and veggie oils.
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