MP backs biodiesel tax break campaign

29 June 2011

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

Producers transforming oil into biodiesel currently gain from a 20p differential but that is because of end next April.

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

Mr George stated "a number of little businesses in Cornwall presently generate income from utilized cooking oil".

He included: "In order to have the ability to get this sort of market going it does require simply a bit of lift which comes in the type of tax foregone."

Biodiesel is a blend of traditional diesel, rapeseed and vegetable oils.

Fuel from pasties to power vehicles

13 May 2011

Old chip fat powers Place ferry

15 June 2010

St Ives Liberal Democrats