MP backs biodiesel tax break project
29 June 2011
MP Andrew George 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 however that is because of 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 number of little organizations in Cornwall presently earn money from used cooking oil".
He included: "In order to have the ability to get this type of industry going it does require just a bit of lift which can be found in the kind of tax foregone."
Biodiesel is a blend of standard diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
georgehecht072 edited this page 2025-01-12 09:04:03 +00:00