MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers transforming 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 been fulfilling with the UK sustainable biodiesel alliance.
Mr George said "a variety of small companies in Cornwall currently earn money from used cooking oil".
He added: "In order to have the ability to get this type of market going it does require simply a bit of lift which can be found in the type of tax inevitable."
Biodiesel is a blend of standard diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
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