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 transforming cooking oil into biodiesel presently 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 been the UK sustainable biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall presently make cash from used cooking oil".
He added: "In order to be able to get this sort of market going it does require simply a bit of lift which can be found in the kind of tax inescapable."
Biodiesel is a blend of standard diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
teramcbryde05 edited this page 2025-01-12 15:56:22 +08:00