Page: MP Backs Biodiesel Tax Break Campaign

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1 MP Backs Biodiesel Tax Break Campaign

Franklyn Mehaffey edited this page 1 year ago

MP backs biodiesel tax break project

29 June 2011

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

Producers converting cooking oil into biodiesel currently gain from a 20p differential 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 variety of small services in Cornwall currently make cash from used cooking oil".

He added: "In order to have the ability to get this sort of market going it does need just a little bit of lift which comes in the type of tax inevitable."

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

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