1 MP Backs Biodiesel Tax Break Campaign
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MP backs biodiesel tax break project

29 June 2011

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

Producers transforming cooking oil into biodiesel presently 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 satisfying with the UK sustainable biodiesel alliance.

Mr George stated "a number of small companies in Cornwall currently generate income from utilized cooking oil".

He added: "In order to have the ability to get this sort of industry going it does need simply a little bit of lift which is available in the form of tax inescapable."

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

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