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 but 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 small companies in Cornwall presently earn money from utilized cooking oil".
He added: "In order to have the ability to get this sort of market going it does require simply a little bit of lift which can be found in the form of tax foregone."
Biodiesel is a mix of conventional diesel, and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Adrianna Kent edited this page 2025-01-12 13:20:30 +08:00