MP backs biodiesel tax break campaign

29 June 2011

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

Producers converting cooking oil into biodiesel currently benefit from a 20p differential however that is due to end next April.

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

Mr George stated "a number of small companies in Cornwall presently make cash from used cooking oil".

He included: "In order to have the ability to get this type of market going it does require simply a little bit of lift which is available in the kind of tax foregone."

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

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St Ives Liberal Democrats