MP backs 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 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 meeting the UK sustainable biodiesel alliance.
Mr George stated "a number of little businesses in Cornwall currently earn money from used cooking oil".
He included: "In order to be able to get this kind of market going it does require just a little bit of lift which can be found in the form of tax foregone."
Biodiesel is a blend of traditional diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Beatriz Caruso edited this page 2025-01-13 00:35:20 +00:00