MP backs biodiesel tax break project
29 June 2011
Liberal Democrat George is backing a campaign to keep tax breaks for companies who produce biodiesel.
Producers converting 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 actually been meeting the UK sustainable biodiesel alliance.
Mr George stated "a number of little services in Cornwall currently generate income from utilized cooking oil".
He included: "In order to be able to get this type of market going it does require simply a little bit of lift which comes in the kind of tax foregone."
Biodiesel is a mix of standard diesel, rapeseed and veggie oils.
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MP Backs Biodiesel Tax Break Campaign
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