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.
Producers converting cooking oil into currently benefit 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 meeting the UK sustainable biodiesel alliance.
Mr George stated "a variety of little companies in Cornwall presently make money from utilized cooking oil".
He added: "In order to have the ability to get this kind of market going it does require simply a bit of lift which comes in the form of tax inevitable."
Biodiesel is a blend of standard diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Glory Bordelon edited this page 2025-01-12 07:29:41 +08:00