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 however that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been meeting with the UK sustainable biodiesel alliance.
Mr George said "a number of little companies in Cornwall presently generate income from used cooking oil".
He added: "In order to be able to get this type of industry going it does require simply a bit of lift which is available in the kind of tax inescapable."
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Cyril Crisp edited this page 2025-01-11 21:25:57 +08:00