MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for companies who produce biodiesel.
Producers converting cooking oil into biodiesel currently benefit from 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 .
Mr George said "a variety of small businesses in Cornwall presently make money from utilized cooking oil".
He added: "In order to have the ability to get this sort of market going it does need just a bit of lift which is available in the kind of tax inescapable."
Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Paige Waltman edited this page 2025-01-12 15:59:07 +08:00