New Clause 3 - Fuel duty differential for biodiesel

Part of Finance Bill – in a Public Bill Committee am 8:30 pm ar 26 Mehefin 2012.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Chloe Smith Chloe Smith The Economic Secretary to the Treasury 8:30, 26 Mehefin 2012

I thank my hon. Friend for his passionate and well-informed plea. I am well aware of his work with the industry and pay tribute to it. He makes a sensible point. I was just about to talk about how the RTFO certificates work and are tradable. I acknowledge that the demand for and the prices of those certificates will fluctuate for a range of reasons and it is important to understand that that will happen. That might be partly behind one of my hon. Friend’s comments.