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 cooking oil into biodiesel currently benefit from a 20p differential however that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been meeting with the UK sustainable biodiesel alliance.
Mr George said "a number of small companies in Cornwall currently generate income from utilized cooking oil".
He included: "In order to have the ability to get this type of market going it does need just a little bit of lift which can be found in the form of tax inescapable."
Biodiesel is a blend of conventional diesel, and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Cyrus McCarten edited this page 2025-01-15 14:39:08 +00:00