MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for companies who produce biodiesel.
Producers transforming cooking oil into biodiesel presently benefit from a 20p differential but that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been consulting with the UK sustainable alliance.
Mr George stated "a variety of small organizations in Cornwall currently earn money from utilized cooking oil".
He included: "In order to be able to get this kind of industry going it does require simply a bit of lift which is available in the form of tax foregone."
Biodiesel is a mix of conventional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
demetriacastee edited this page 2025-01-11 05:18:13 +00:00