MP backs break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project 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 been consulting with the UK sustainable biodiesel alliance.
Mr George stated "a number of little companies in Cornwall currently make money from used cooking oil".
He added: "In order to be able to get this kind of market going it does require just a little bit of lift which comes in the kind of tax foregone."
Biodiesel is a blend of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
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