From e379fcbf7f0d74fe1656a12e36ba484d19e5b0fb Mon Sep 17 00:00:00 2001 From: Karla Overton Date: Sat, 11 Jan 2025 04:50:09 +0000 Subject: [PATCH] Add MP Backs Biodiesel Tax Break Campaign --- MP-Backs-Biodiesel-Tax-Break-Campaign.md | 13 +++++++++++++ 1 file changed, 13 insertions(+) create mode 100644 MP-Backs-Biodiesel-Tax-Break-Campaign.md diff --git a/MP-Backs-Biodiesel-Tax-Break-Campaign.md b/MP-Backs-Biodiesel-Tax-Break-Campaign.md new file mode 100644 index 0000000..3bb3cb1 --- /dev/null +++ b/MP-Backs-Biodiesel-Tax-Break-Campaign.md @@ -0,0 +1,13 @@ +
MP backs [biodiesel tax](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) break campaign
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29 June 2011
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[Liberal Democrat](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [MP Andrew](https://www.businessnews.com.au/Company/Mission-NewEnergy) George is backing a [project](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to keep [tax breaks](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) for [business](https://www.bloomberg.com/profile/company/MNELF:US) who [produce](https://www.zoominfo.com/c/mission-newenergy/346542889) [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889).
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[Producers converting](https://www.businessnews.com.au/Company/Mission-NewEnergy) [cooking oil](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) into [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) currently gain from a 20p [differential](https://www.google.com/search?kgmid=/m/0cqd_rb) but that is due to end next April.
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The St Ives MP, who leads the Lib Dem Environment Team, has been with the [UK sustainable](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [biodiesel alliance](https://www.google.com/search?kgmid=/m/0cqd_rb).
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Mr George said "a number of small organizations in Cornwall currently make cash from used cooking oil".
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He included: "In order to be able to get this sort of industry going it does require just a bit of lift which can be found in the kind of tax foregone."
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[Biodiesel](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) is a mix of [standard](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) diesel, [rapeseed](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and [vegetable oils](https://www.zoominfo.com/c/mission-newenergy/346542889).
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Fuel from [pasties](https://www.google.com/search?kgmid=/m/0cqd_rb) to power automobiles
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13 May 2011
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Old [chip fat](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) powers Place ferry
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15 June 2010
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St [Ives Liberal](https://stocktwits.com/symbol/MNEL) Democrats
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