MP backs biodiesel tax break campaign

29 June 2011

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

Producers converting cooking oil into biodiesel presently gain from a 20p differential but that is because of end next April.

The St Ives MP, who leads the Lib Dem Team, has been fulfilling with the UK sustainable biodiesel alliance.

Mr George said “a number of small companies in Cornwall currently earn money from utilized cooking oil”.

He included: “In order to have the ability to get this sort of industry going it does need simply a bit of lift which comes in the kind of tax inevitable.”

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

Fuel from pasties to power cars and trucks

13 May 2011

Old chip fat powers Place ferry

15 June 2010

St Ives Liberal Democrats