MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers converting cooking oil into biodiesel presently gain from a 20p differential however that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been fulfilling with the UK sustainable biodiesel alliance.
Mr George said "a number of small businesses in Cornwall currently make money from used cooking oil".
He included: "In order to have the ability to get this sort of industry going it does require just a little bit of lift which can be found in the form of tax inescapable."
Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
emmanuelu51065 edited this page 2025-01-18 16:34:35 +08:00