MP backs biodiesel tax break campaign

29 June 2011

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

Producers converting cooking oil into biodiesel presently benefit from a 20p but that is due to end next April.

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

Mr George stated "a number of small organizations in Cornwall presently generate income from utilized cooking oil".

He included: "In order to be able to get this kind of industry going it does need just a little bit of lift which is available in the type of tax inevitable."

Biodiesel is a mix of standard diesel, rapeseed and veggie oils.

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