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 presently take advantage of a 20p 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 currently make money from utilized cooking oil".
He included: "In order to be able to get this kind of industry going it does need just a little bit of lift which comes in the type of tax inescapable."
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
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