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 Ian Swales Ian Swales Democratiaid Rhyddfrydol, Redcar 8:30, 26 Mehefin 2012

I was happy to add my name to the amendment. Yesterday, I hosted a reception in Parliament for biofuels producers, and one of their great pleas is for consistency and an understanding of their industry. It is difficult to predict what the profitability or accounting may look like in two, three or more years. I make a plea for this Government not to fall into the same trap as the previous Government, who killed off all the investors in biodiesel.

We have also had a problem with bioethanol. This country’s earliest investor in bioethanol is in my constituency, but it has been shut down for a year because the numbers have gone adrift. I make a plea for the Government to continue to understand what is happening in the new industries, and not necessarily to stick to the figure that they may have predicted two or three years ago.