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Page: MP Backs Biodiesel Tax Break Campaign
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Antje Truchanas edited this page 1 week ago


MP backs biodiesel tax break campaign

29 June 2011

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

Producers converting cooking oil into biodiesel currently take advantage of a 20p differential but that is due to end next April.

The St Ives MP, who leads the Lib Dem Environment Team, has actually been meeting the UK sustainable biodiesel alliance.

Mr George said "a variety of small companies in Cornwall currently make money from utilized cooking oil".

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

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

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