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 take advantage of a 20p differential however that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been satisfying with the UK sustainable biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall presently earn money from used cooking oil".
He added: "In order to have the ability to get this type of market going it does require simply a little bit of lift which can be found in the form of tax inevitable."
Biodiesel is a blend of standard diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
Belen Eldred edited this page 2 months ago