Overview
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Founded Date October 4, 1969
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Sectors Mining
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Posted Jobs 0
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 project to keep tax breaks for business who produce biodiesel.
Producers oil into biodiesel presently benefit from 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 meeting the UK sustainable biodiesel alliance.
Mr George stated “a variety of small services in Cornwall currently generate income from used cooking oil”.
He added: “In order to have the ability to get this sort of market going it does require simply a little bit of lift which is available in the form of tax foregone.”
Biodiesel is a mix of conventional diesel, rapeseed and veggie oils.
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