MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP is backing a project to keep tax breaks for business 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 stated "a number of little businesses in Cornwall currently make money from utilized cooking oil".
He included: "In order to have the ability to get this type of industry going it does require simply a little bit of lift which comes in the kind of tax foregone."
Biodiesel is a mix of conventional diesel, rapeseed and vegetable oils.
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Jerrell Cunneen edited this page 2025-01-11 06:07:17 +01:00