MP backs biodiesel tax break campaign
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 presently gain from a 20p differential but that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been satisfying with the UK sustainable biodiesel alliance.
Mr George said "a number of small companies in Cornwall presently earn money from used cooking oil".
He included: "In order to have the ability to get this sort of industry going it does require simply a bit of lift which comes in the kind of tax foregone."
Biodiesel is a blend of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Sidney Storkey edited this page 2025-01-12 05:04:37 +08:00