MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers transforming cooking 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 meeting with the UK sustainable .
Mr George stated "a variety 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 require simply a little bit of lift which comes in the form of tax inescapable."
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
brentcady8213 edited this page 2025-01-11 05:10:56 +00:00