MP backs biodiesel tax break project
29 June 2011
MP Andrew George is backing a campaign to keep tax breaks for companies who produce biodiesel.
Producers converting cooking oil into biodiesel currently take advantage of a 20p differential however 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 money from utilized cooking oil".
He included: "In order to have the ability to get this type of market going it does need just a bit of lift which comes in the type of tax foregone."
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Latasha Sallee edited this page 2025-01-11 21:57:17 +00:00