MP backs biodiesel tax break campaign
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 currently take advantage of 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 with the UK sustainable biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall currently earn money from utilized cooking oil".
He added: "In order to have the ability to get this kind of market going it does need just a little bit of lift which comes in the form of tax inescapable."
Biodiesel is a blend of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Clarita Vanhoose edited this page 2025-01-17 19:38:00 +00:00