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 cooking oil into biodiesel presently 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 been satisfying with the UK sustainable biodiesel alliance.
Mr George stated "a number of little services in Cornwall presently make money from used cooking oil".
He included: "In order to have the ability to get this sort of industry going it does need simply a little bit of lift which can be found in the form of tax inevitable."
Biodiesel is a blend of standard diesel, and vegetable oils.
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Lacy Tinsley edited this page 2025-01-18 14:16:38 +08:00