MP backs break campaign
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 currently take advantage of 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 fulfilling with the UK sustainable biodiesel alliance.
Mr George said "a number of small businesses in Cornwall currently earn money from utilized cooking oil".
He added: "In order to have the ability to get this sort of market going it does require just a bit of lift which comes in the type of tax foregone."
Biodiesel is a blend of conventional diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
ruebenhumble72 edited this page 2025-01-11 23:36:26 +08:00