MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers oil into biodiesel currently gain from a 20p differential but that is due to 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 little companies in Cornwall currently make cash from used cooking oil".
He added: "In order to have the ability to get this kind of industry going it does need simply a bit of lift which is available in the kind of tax inescapable."
Biodiesel is a blend of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Carma Wilkinson edited this page 2025-01-12 08:59:52 +08:00