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 due to 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 said "a number of small companies in Cornwall currently generate income from utilized cooking oil".
He included: "In order to be able to get this kind of industry going it does require simply a bit of lift which is available in the type of tax foregone."
Biodiesel is a mix of standard diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Tera Bagley edited this page 2025-01-14 01:24:53 +00:00