MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.
Producers transforming cooking oil into biodiesel presently gain from a 20p differential however that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been consulting with the UK sustainable biodiesel alliance.
Mr George said "a variety of small companies in Cornwall presently generate income from used cooking oil".
He added: "In order to be able to get this kind of industry going it does need just a bit of lift which is available in the kind of tax foregone."
Biodiesel is a blend of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Rosario Treadwell edited this page 2025-01-12 11:48:20 +00:00