MP Backs Biodiesel Tax Break Campaign
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 benefit from a 20p but that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been consulting with the UK sustainable biodiesel alliance.
Mr George stated “a number of small companies in Cornwall currently earn 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 inevitable.”
Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.
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