Page: MP Backs Biodiesel Tax Break Campaign

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1 MP Backs Biodiesel Tax Break Campaign

Colby Burg edited this page 3 months ago

MP backs biodiesel tax break project

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 take advantage of a 20p however that is because of end next April.

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

Mr George said "a number of small companies in Cornwall presently earn money from utilized cooking oil".

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

Biodiesel is a mix of conventional diesel, rapeseed and vegetable oils.

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