1 MP Backs Biodiesel Tax Break Campaign

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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 presently benefit from a 20p differential but that is because of 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 stated "a number of small companies in Cornwall presently make money from utilized cooking oil".

He added: "In order to have the ability to get this type of market going it does require just a bit of lift which comes in the type of tax inescapable."

Biodiesel is a blend of standard diesel, rapeseed and veggie oils.

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