MP Backs Biodiesel Tax Break Campaign
MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce biodiesel.
Producers transforming cooking oil into biodiesel currently gain from a 20p but 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 companies in Cornwall currently generate income from used cooking oil".
He included: "In order to have the ability to get this kind of market going it does need just a bit of lift which can be found in the type of tax inescapable."
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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