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 converting oil into biodiesel currently take advantage of a 20p differential but that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been consulting with the UK sustainable biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall presently earn money from utilized cooking oil".
He added: "In order to have the ability to get this sort of market going it does require just a bit of lift which is available in the type of tax inevitable."
Biodiesel is a blend of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
kate31j345071 edited this page 2025-01-11 09:36:26 -05:00