MP backs biodiesel tax break campaign
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 due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been meeting the UK sustainable biodiesel alliance.
Mr George stated "a number of small companies in Cornwall currently earn money from utilized cooking oil".
He included: "In order to be able to get this sort of industry going it does need simply a little bit of lift which is available in the type of tax inescapable."
Biodiesel is a mix of conventional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Helena Laster edited this page 2025-01-17 09:32:51 +00:00