MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce biodiesel.
Producers converting cooking oil into biodiesel presently benefit from a 20p 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 variety of small companies in Cornwall presently generate income from used cooking oil".
He added: "In order to be able to get this type of industry going it does need simply a bit of lift which is available in the type of tax inevitable."
Biodiesel is a mix of conventional diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Quincy Cross edited this page 2025-01-12 06:11:57 +08:00