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 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 actually been fulfilling with the UK sustainable biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall presently earn money from utilized cooking oil".
He included: "In order to have the ability to get this type of industry going it does require simply a little bit of lift which comes in the type of tax foregone."
Biodiesel is a mix of conventional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
lorenpartridge edited this page 2025-01-12 12:58:45 +08:00