MP backs biodiesel tax break campaign

29 June 2011

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

Producers transforming cooking oil into biodiesel presently benefit from 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 variety of small companies in Cornwall presently earn money from utilized cooking oil".

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

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

Fuel from pasties to power vehicles

13 May 2011

Old chip fat powers Place ferryboat

15 June 2010

St Ives Liberal Democrats