MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.
Producers converting cooking oil into biodiesel currently 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 been consulting with the UK sustainable biodiesel alliance.
Mr "a variety of small companies in Cornwall currently earn money from utilized cooking oil".
He included: "In order to be able to get this sort of market going it does require simply a bit of lift which is available in the form of tax foregone."
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Harley Hofmann edited this page 2025-01-12 06:02:00 +00:00