1 MP Backs Biodiesel Tax Break Campaign
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MP backs break campaign

29 June 2011

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

Producers converting cooking oil into biodiesel presently take advantage of a 20p differential however 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 little companies in Cornwall currently generate income from utilized cooking oil".

He added: "In order to be able to get this sort of market going it does need simply a little bit of lift which is available in the type of tax foregone."

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

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