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 project to keep tax breaks for companies who produce biodiesel.

Producers transforming 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 stated "a variety of little businesses in Cornwall presently generate income from utilized cooking oil".

He included: "In order to have the ability to get this type of industry going it does require just a little bit of lift which can be found in the type of tax inescapable."

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

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