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 presently take advantage of a 20p differential however 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 biodiesel alliance.
Mr George said "a variety of small businesses in Cornwall currently make money from used cooking oil".
He added: "In order to be able to get this type of industry going it does require simply a little bit of lift which is available in the form of tax foregone."
Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.
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St Ives Liberal Democrats
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MP Backs Biodiesel Tax Break Campaign
Maggie MacKillop edited this page 2025-01-13 22:03:04 +00:00