M2 Capital Sdn. Bhd
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Founded Date April 21, 1910
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Sectors Technology Department
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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 oil into biodiesel presently benefit from 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 satisfying with the UK sustainable biodiesel alliance.
Mr George said “a variety of small organizations in Cornwall currently generate income from utilized cooking oil”.
He included: “In order to be able to get this sort of market going it does require just a little bit of lift which comes in the kind of tax foregone.”
Biodiesel is a mix of conventional diesel, rapeseed and veggie oils.
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