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 benefit 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 meeting the UK sustainable biodiesel .
Mr George said "a variety of small companies in Cornwall currently generate income from utilized cooking oil".
He added: "In order to be able to get this sort of market going it does require simply a bit of lift which comes in the form of tax foregone."
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Finlay Neagle edited this page 2025-01-12 05:27:00 +08:00