MP backs biodiesel tax break project
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 presently take advantage of 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 with the UK sustainable biodiesel alliance.
Mr George said "a number of small services in Cornwall presently earn money from used cooking oil".
He added: "In order to have the ability to get this sort of market going it does need simply a little bit of lift which comes in the kind of tax foregone."
Biodiesel is a mix of conventional diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Richie Sroka edited this page 3 months ago