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Founded Date February 28, 1989
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Company Description
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 business who produce biodiesel.
Producers converting cooking oil into biodiesel currently 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 meeting the UK sustainable biodiesel alliance.
Mr George stated “a variety of small companies in Cornwall presently earn money from utilized cooking oil”.
He added: “In order to be able to get this type of market going it does require simply a bit of lift which is available in the type of tax inescapable.”
Biodiesel is a mix of diesel, rapeseed and vegetable oils.
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