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Richard Branson to invest about $3 billion to combat global warming |
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Friday, 22 September 2006 |
British business mogul Richard Branson on Thursday pledged to invest about $3 billion over the next decade to combat global warming and promote alternative energy, saying that it was critical to protect the environment for future generations.
Branson, the billionaire behind the multi-platform Virgin brand, said the money would come from 100 percent of the profits generated by his transportation sectors — trains and airline companies. It will be invested in efforts to find renewable, sustainable energy sources in an effort to wean the world off oil and coal.
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Last Updated ( Friday, 22 September 2006 )
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