MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for companies who produce biodiesel.
Producers transforming cooking oil into biodiesel presently take advantage of a 20p differential but 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 alliance.
Mr George stated "a variety of small businesses in Cornwall presently generate income from used cooking oil".
He included: "In order to be able to get this sort of industry going it does require simply a bit of lift which is available in the kind of tax foregone."
Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.
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Michelle Jay edited this page 2025-01-11 22:27:17 +08:00