Page: MP Backs Biodiesel Tax Break Campaign

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1 MP Backs Biodiesel Tax Break Campaign

Jamaal Lipsey edited this page 4 months ago

MP backs biodiesel tax break campaign

29 June 2011

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

Producers converting cooking oil into presently gain from a 20p differential but that is because of end next April.

The St Ives MP, who leads the Lib Dem Environment Team, has been meeting 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 kind of industry going it does require simply a little bit of lift which can be found in the type of tax inescapable."

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

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