MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.
Producers transforming cooking oil into biodiesel presently gain from 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 fulfilling with the biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall currently generate income from used cooking oil".
He added: "In order to be able to get this sort of industry going it does require simply a little bit of lift which comes in the kind of tax foregone."
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Lauren Murph edited this page 2025-01-12 01:44:39 +09:00