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 but that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been meeting the UK sustainable biodiesel alliance.
Mr George stated "a number of small companies in Cornwall currently make money from utilized cooking oil".
He included: "In order to have the ability to get this sort of market going it does need simply a little bit of lift which is available in the kind of tax inevitable."
Biodiesel is a blend of standard diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Bianca Blazer edited this page 2025-01-12 07:37:39 +09:00