MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat George is backing a project to keep tax breaks for business who produce biodiesel.
Producers transforming cooking oil into biodiesel currently benefit from 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 satisfying with the UK sustainable biodiesel alliance.
Mr George said "a number of small companies in Cornwall currently make money from utilized cooking oil".
He added: "In order to be able to get this kind of industry going it does require simply a bit of lift which comes in the type of tax inevitable."
Biodiesel is a blend of standard diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
marciabeeman63 edited this page 2025-01-18 10:28:01 +08:00