MP Backs Biodiesel Tax Break Campaign

MP backs biodiesel tax break campaign


29 June 2011


Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for who produce biodiesel.


Producers converting cooking oil into biodiesel currently gain from a 20p differential but that is due to end next April.


The St Ives MP, who leads the Lib Dem Environment Team, has actually been meeting the UK sustainable biodiesel alliance.


Mr George said "a variety of small services in Cornwall currently make money from used cooking oil".


He included: "In order to have the ability to get this sort of market going it does require simply a little bit of lift which can be found in the form of tax foregone."


Biodiesel is a blend of conventional diesel, rapeseed and veggie oils.


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