MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat George is backing a campaign to keep tax breaks for business who produce biodiesel.
Producers converting cooking 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 been consulting with the UK sustainable biodiesel alliance.
Mr George said "a variety of small companies in Cornwall presently earn money from utilized cooking oil".
He included: "In order to be able to get this type of market going it does need simply a little bit of lift which can be found in the type of tax inevitable."
Biodiesel is a blend of standard diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Maira Barrera edited this page 2025-01-12 07:52:54 +00:00