MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers transforming cooking oil into biodiesel currently gain from a 20p differential but that is because of end next April.
The St Ives MP, who leads the Lib Dem Team, has actually been meeting with the UK sustainable biodiesel alliance.
Mr George stated "a variety of little organizations in Cornwall currently make money from used cooking oil".
He included: "In order to be able to get this kind of market going it does need simply a little bit of lift which is available in the form of tax foregone."
Biodiesel is a blend of standard diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
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