MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for companies who produce biodiesel.
Producers transforming cooking oil into biodiesel currently take advantage of a 20p differential but that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been satisfying with the UK sustainable biodiesel alliance.
Mr George stated "a number of small companies in Cornwall currently make cash from used cooking oil".
He added: "In order to be able to get this type of industry going it does need simply a bit of lift which comes in the form of tax inevitable."
Biodiesel is a blend of conventional diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Florrie Ahuia Ova edited this page 2025-01-12 08:32:34 +07:00