MP Backs Biodiesel Tax Break Campaign
MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers converting cooking oil into biodiesel presently gain from a 20p however that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been fulfilling with the UK sustainable biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall presently generate income from used cooking oil".
He added: "In order to have the ability to get this kind of market going it does require just a bit of lift which can be found in the type of tax inevitable."
Biodiesel is a blend of conventional diesel, rapeseed and vegetable oils.
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