MP backs biodiesel tax break project
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 currently gain from a 20p differential however that is due to 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 variety of little services in Cornwall currently make money from utilized cooking oil".
He added: "In order to be able to get this type of market going it does need just a little bit of lift which comes in the kind of tax inescapable."
Biodiesel is a mix of standard diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Mathias Grahamslaw edited this page 2025-01-12 03:37:59 +08:00