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 gain from a 20p however that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been meeting with the UK sustainable biodiesel alliance.
Mr George stated "a variety of little services in Cornwall currently earn money from used cooking oil".
He added: "In order to have the ability to get this kind of industry going it does need simply a bit of lift which comes in the form of tax foregone."
Biodiesel is a mix of standard diesel, rapeseed and veggie oils.
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Fran Fairweather edited this page 2025-01-12 04:13:45 +00:00