MP backs biodiesel tax break project
29 June 2011
MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.
Producers converting cooking oil into biodiesel presently gain from a 20p differential however that is because of 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 earn money from used cooking oil".
He added: "In order to have the ability to get this sort of industry going it does need just a bit of lift which comes in the kind of tax foregone."
Biodiesel is a mix of conventional diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
ivoryhubbs9567 edited this page 2025-01-12 03:51:57 +08:00