MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce biodiesel.
Producers transforming cooking oil into biodiesel presently benefit from 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 meeting the UK sustainable biodiesel alliance.
Mr George stated "a number of little services in Cornwall currently make money from utilized cooking oil".
He added: "In order to be able to get this type of industry going it does need simply a little bit of lift which is available in the type of tax inescapable."
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Michal Hanks edited this page 3 months ago