MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for who produce biodiesel.
Producers converting cooking oil into biodiesel presently benefit from a 20p differential however 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 variety of small services in Cornwall presently make cash from used cooking oil".
He included: "In order to have the ability to get this kind of market going it does require simply a bit of lift which comes in the form of tax foregone."
Biodiesel is a mix of conventional diesel, rapeseed and vegetable oils.
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Darin Heckman edited this page 2025-01-18 04:52:04 +08:00