TITLE

War Casts Doubt Over Further Biofuel Tax Cut

AUTHOR(S)
Allen-Stevens, Tom
PUB. DATE
April 2003
SOURCE
Farmers Weekly;4/4/2003, Vol. 138 Issue 13, p48
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Cattle growers, processors, campaigners and legislators are hoping intense lobbying will bring biofuel success in next week's budget, as of May 27, 2003. However, the U.S.-Iraq war and troubled finances will affect biofuel tax cuts in Great Britain. The British Association of Biofuels and Oils has sent two reports to the British Department of Treasury, setting out the case for biofuels and the need for a 30p⁄litre rebate, 10p more than the current biodiesel rebate and the proposed tax break for bioethanol. Such a move would help the government achieve its newly set European Union target of 2% biofuel use by 2005.
ACCESSION #
9874756

 

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