MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers converting cooking oil into biodiesel presently gain from a 20p differential however that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been satisfying with the UK sustainable biodiesel alliance.
Mr George said "a number of small businesses in Cornwall currently earn money from utilized cooking oil".
He included: "In order to have the ability to get this sort of market going it does require simply a little bit of lift which comes in the type of tax foregone."
Biodiesel is a blend of conventional diesel, rapeseed and vegetable oils.
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Charli Frost edited this page 2025-01-13 17:42:18 +08:00