MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers transforming cooking oil into biodiesel currently take advantage of 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 stated "a number of small companies in Cornwall currently make cash from used cooking oil".
He added: "In order to have the ability to get this type of industry going it does require just a little bit of lift which is available in the type of tax foregone."
Biodiesel is a blend of conventional diesel, rapeseed and veggie oils.
Fuel from pasties to power automobiles
13 May 2011
Old powers Place ferry
15 June 2010
St Ives Liberal Democrats
1
MP Backs Biodiesel Tax Break Campaign
Willie Winder edited this page 1 week ago