MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers transforming oil into biodiesel presently take advantage of 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 consulting with the UK sustainable biodiesel alliance.
Mr George stated "a number of small companies in Cornwall presently generate income from used cooking oil".
He added: "In order to have the ability to get this kind of industry going it does require simply a little bit of lift which is available in the type of tax foregone."
Biodiesel is a mix of conventional diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Daniella Bieber edited this page 2025-01-12 04:24:18 +08:00