MP backs biodiesel tax break project
29 June 2011
Liberal Democrat George is backing a project to keep tax breaks for business who produce biodiesel.
Producers transforming cooking oil into biodiesel presently 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 actually been fulfilling with the UK sustainable biodiesel alliance.
Mr George stated "a variety of small businesses in Cornwall currently make cash from used cooking oil".
He added: "In order to have the ability to get this kind of industry going it does require just a little bit of lift which comes in the type of tax inevitable."
Biodiesel is a blend of traditional diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Errol Pape edited this page 2025-01-12 04:40:17 +08:00