MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP is backing a campaign to keep tax breaks for business who produce biodiesel.
Producers transforming cooking oil into biodiesel currently take advantage of a 20p differential but that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been consulting with the UK sustainable biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall presently make money from used cooking oil".
He included: "In order to be able to get this kind of industry going it does require just a little bit of lift which comes in the kind of tax inescapable."
Biodiesel is a blend of standard diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Lazaro Allen edited this page 2025-01-11 20:13:46 +00:00