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 converting cooking oil into biodiesel currently take advantage of a 20p 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 biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall currently generate income from used cooking oil".
He added: "In order to have the ability to get this kind of industry going it does need just a bit of lift which can be found in the form of tax inevitable."
Biodiesel is a blend of traditional diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
margaritacooke edited this page 2025-01-12 09:22:34 +08:00