MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for companies who produce biodiesel.
transforming 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 meeting with the UK sustainable biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall currently earn money from utilized cooking oil".
He included: "In order to have the ability to get this type of industry going it does need simply a little bit of lift which can be found in the kind of tax foregone."
Biodiesel is a blend of conventional diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Christopher Polson edited this page 2025-01-12 11:20:53 +00:00