MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.
Producers transforming oil into biodiesel currently benefit from 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 consulting with the UK sustainable biodiesel alliance.
Mr George stated "a number of little services in Cornwall currently make cash from used cooking oil".
He added: "In order to have the ability to get this kind of industry going it does require just a bit of lift which comes in the kind of tax inevitable."
Biodiesel is a mix of traditional diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Isaac Ault edited this page 2025-01-17 23:23:05 +00:00