MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce biodiesel.
Producers converting cooking oil into biodiesel presently 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 been consulting with the UK sustainable biodiesel alliance.
Mr George stated "a number of small organizations in Cornwall presently make cash from utilized cooking oil".
He included: "In order to be able to get this type of market going it does require just a bit of lift which comes in the type of tax inevitable."
Biodiesel is a blend of conventional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Gregorio Nickle edited this page 3 months ago