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 biodiesel presently benefit from a 20p however that is due to end next April.

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

Mr George stated "a variety of small organizations in Cornwall currently earn money from utilized cooking oil".

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

Biodiesel is a blend of conventional diesel, rapeseed and veggie oils.

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