MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat George is backing a project to keep tax breaks for business who produce biodiesel.
Producers converting cooking oil into biodiesel presently benefit from a 20p differential but that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been consulting with the UK sustainable biodiesel alliance.
Mr George stated "a number of small services in Cornwall presently earn money from utilized cooking oil".
He included: "In order to have the ability to get this sort of industry going it does need just a bit of lift which comes in the type of tax inescapable."
Biodiesel is a blend of conventional diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Bobbye Grayson edited this page 2025-01-13 04:47:23 +01:00