MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.
Producers transforming cooking oil into biodiesel presently take advantage of a 20p differential however that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been consulting with the UK sustainable biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall presently generate income from used cooking oil".
He included: "In order to have the ability to get this kind of industry going it does need simply a bit of lift which is available in the type of tax inescapable."
Biodiesel is a blend of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Basil Tillyard edited this page 2025-01-18 10:11:29 +09:00