HYDROCARBON OIL DUTY

Motion Text

That this House acknowledges the contribution that the waste oil recycling industry makes to the recovery of hazardous waste oil from the waste stream; welcomes the investment and innovation undertaken to convert hazardous waste oil into reusable product; further welcomes the fact that this product helps cut emissions, diverts waste oil from landfill, and conserves natural resources; notes with concern the effect that the proposed application of hydrocarbon oil duty at a rate of 9.29 pence per litre (equivalent to £105 per 1,000 kilograms) on this product from 1st November 2008 will have on the collection and reprocessing of waste fuel oil; and calls on the Government to review its decision not to apply the minimum rate of duty of 15 euros per 1,000 kilograms (broadly equivalent to £11.50 per 1,000 kilograms) on the use of waste fuel oil permitted by the Energy Products Directive.