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MP Backs Biodiesel Tax Break Campaign
MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for companies who produce biodiesel.
Producers transforming cooking oil into biodiesel presently take advantage of a 20p differential however that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been fulfilling with the biodiesel alliance.
Mr George stated «a variety of small companies in Cornwall currently generate income from utilized cooking oil».
He included: «In order to have the ability to get this sort of market going it does require just a bit of lift which comes in the form of tax foregone.»
Biodiesel is a blend of traditional diesel, rapeseed and veggie oils.
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