MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers transforming cooking oil into biodiesel currently take advantage of a 20p differential however that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been consulting with the biodiesel alliance.
Mr George stated "a variety of little services in Cornwall presently generate income from utilized cooking oil".
He included: "In order to have the ability to get this type of market going it does require simply a bit of lift which is available in the form of tax foregone."
Biodiesel is a blend of traditional diesel, rapeseed and veggie oils.
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