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 converting cooking oil into biodiesel currently take advantage of a 20p differential however that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been consulting with the UK sustainable biodiesel .
Mr George stated "a variety of small companies in Cornwall presently earn money from utilized cooking oil".
He included: "In order to have the ability to get this sort of market going it does require just a little bit of lift which can be found in the form of tax inevitable."
Biodiesel is a mix of standard diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
rolandoh84339 edited this page 2025-01-11 21:25:14 +00:00