MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers transforming cooking oil into biodiesel currently gain from a 20p differential however that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been consulting with the UK sustainable biodiesel alliance.
Mr George stated "a number of little companies in Cornwall presently earn money from utilized cooking oil".
He added: "In order to have the ability to get this sort of market going it does require simply a little bit of lift which can be found in the kind of tax foregone."
Biodiesel is a blend of standard diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Brigette Noe edited this page 2025-01-13 08:12:07 -05:00