MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.
Producers converting cooking oil into biodiesel presently gain 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 consulting with the UK sustainable biodiesel alliance.
Mr George said "a variety of small companies in Cornwall currently generate income from utilized cooking oil".
He included: "In order to have the ability to get this kind of industry going it does require just a bit of lift which comes in the kind of tax foregone."
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
Fuel from pasties to power automobiles
13 May 2011
Old chip fat powers Place ferryboat
15 June 2010
St Ives Liberal Democrats
