MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP is backing a project to keep tax breaks for companies who produce biodiesel.
Producers converting cooking oil into biodiesel presently gain from a 20p differential but that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been meeting the UK sustainable biodiesel alliance.
Mr George stated "a number of little services in Cornwall presently make money from utilized cooking oil".
He included: "In order to be able to get this type of industry going it does require just a bit of lift which is available in the kind of tax inescapable."
Biodiesel is a blend of traditional diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
Chandra Garrett edited this page 8 months ago