MP Backs Biodiesel Tax Break Campaign

MP backs biodiesel tax break campaign


29 June 2011


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


Producers converting cooking oil into biodiesel currently benefit 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 little organizations in Cornwall currently generate income from used cooking oil".


He added: "In order to have the ability to get this kind of market going it does need simply a bit of lift which comes in the form of tax foregone."


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


Fuel from pasties to power cars and trucks


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15 June 2010


St Ives Liberal Democrats