MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George 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 been satisfying with the UK sustainable biodiesel alliance.
Mr George stated "a number of small companies in Cornwall currently make cash from used cooking oil".
He included: "In order to be able to get this kind of market going it does require simply a bit of lift which can be found in the type of tax inescapable."
Biodiesel is a blend of traditional diesel, and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Katherin Wildman edited this page 2025-01-11 00:50:20 +01:00