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 converting 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 consulting with the UK sustainable biodiesel alliance.
Mr George said "a number of small companies in Cornwall currently earn money from used cooking oil".
He added: "In order to have the ability to get this kind of market going it does need just a little bit of lift which comes in the type of tax inescapable."
Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Erik Hatch edited this page 10 months ago