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 oil into biodiesel presently 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 been consulting with the UK sustainable biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall currently make cash from used cooking oil".
He included: "In order to be able to get this type of market going it does need simply a bit of lift which comes in the type of tax inevitable."
Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
carmelafaerber edited this page 2025-01-12 11:45:15 +01:00