MP backs biodiesel tax break project

29 June 2011

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

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

Mr George said "a number of small companies in Cornwall currently earn money from used cooking oil".

He included: "In order to be able to get this sort of market going it does require just a bit of lift which comes in the form of tax foregone."

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

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St Ives Liberal Democrats