MP backs biodiesel tax break project
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 presently take of a 20p differential 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 variety of little companies in Cornwall presently generate income from utilized cooking oil".
He included: "In order to be able to get this type of market going it does need simply a bit of lift which comes in the form of tax foregone."
Biodiesel is a mix of standard diesel, rapeseed and veggie oils.
Fuel from pasties to power vehicles
13 May 2011
Old chip fat powers Place ferry
15 June 2010
St Ives Liberal Democrats
1
MP Backs Biodiesel Tax Break Campaign
Latrice Mascorro edited this page 1 week ago