MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers converting into biodiesel presently take advantage of a 20p differential but that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been meeting the UK sustainable biodiesel alliance.
Mr George said "a variety of small companies in Cornwall currently generate income from used cooking oil".
He included: "In order to have the ability to get this sort of market going it does need simply a bit of lift which comes in the form of tax foregone."
Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Lara Thayer edited this page 2025-01-18 05:53:43 +00:00