MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for companies who produce biodiesel.
Producers transforming into biodiesel presently benefit from a 20p differential however that is because of 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 businesses in Cornwall presently generate income from utilized cooking oil".
He added: "In order to be able to get this type of market going it does require just a bit of lift which can be found in the kind of tax foregone."
Biodiesel is a blend of standard diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Adell McAlexander edited this page 2025-01-12 12:44:22 +08:00