MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a to keep tax breaks for companies who produce biodiesel.
Producers transforming cooking oil into biodiesel currently gain from a 20p differential but that is due to 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 said "a number of small services in Cornwall presently generate income from used cooking oil".
He added: "In order to have the ability to get this kind of industry going it does require simply a little bit of lift which is available in the type of tax foregone."
Biodiesel is a mix of traditional diesel, rapeseed and vegetable oils.
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Lucie Ventura edited this page 2025-01-10 12:00:46 -08:00