MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce biodiesel.
Producers converting cooking oil into biodiesel presently take advantage of a 20p differential however that is because of 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 little organizations in Cornwall presently make money from used cooking oil".
He added: "In order to have the ability to get this sort of industry going it does require simply a little bit of lift which is available in the kind of tax foregone."
Biodiesel is a blend of diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Marguerite Charteris edited this page 2025-01-14 02:10:29 +08:00