MP backs biodiesel tax break project
29 June 2011
Liberal Democrat George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers transforming cooking oil into biodiesel currently take advantage of a 20p differential but that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been meeting the UK sustainable biodiesel alliance.
Mr George said "a variety of small companies in Cornwall presently earn money from used cooking oil".
He included: "In order to have the ability to get this sort of market going it does need simply a bit of lift which is available in the kind of tax inevitable."
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Eden Bradshaw edited this page 2025-01-12 01:05:50 +08:00