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 transforming cooking oil into biodiesel currently take advantage of a 20p differential but that is because of 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 number of small companies in Cornwall currently generate income from utilized cooking oil".
He added: "In order to have the ability to get this sort of industry going it does need simply a bit of lift which comes in the kind of tax inescapable."
Biodiesel is a mix of traditional diesel, and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Michal Benjafield edited this page 2025-01-12 01:15:08 +00:00