September 21, 2006
CGI - Richard Branson and Virgin Transportation Group To Dedicate ALL Future Proceeds Toward Global Warming
-- by Dave Johnson
At a press conference today with Former President Bill Clinton Richard Branson today committed to dedicating ALL future proceeds from Virgin's transportation companies - airlines, trains, etc. - to bio-fuel initiatives aimed at reducing the use of fossil fuels and fighting global warming. He estimates this will bring approx. $3 billion dollars to the global warming fight. The company is working to develop jet fuels that are environmentally friendly, enzymes to break down prairie grasses into ethanol, and other efforts.
Pres. Clinton called this "serious money."
Mr. Branson said this is because of his admiration for the work of President Clinton and his Clinton Global Initiative process. He said that Al Gore came to his house to ask him to take a leading role in the global warming fight, which led to this announcement.
"We just don't have any time left," said President Clinton. We are running out of oil, and climate change is beginning to threaten civilization. "It is a serious problem likely to produce calamitous results."
Mr. Branson said the shortages are showing up now, that his company's costs for jet fuel is up over a billion dollars in the last three years.
TrackBack URL for this entry:
Quite a significant gesture. Branson is going to have to find some alternative fuel to keep his planes up in the air. Unlike ground transport, not many choices out there however.
Posted by: WebHubTel at September 21, 2006 7:03 PM
Post a comment
Thanks for signing in, . Now you can comment. (sign out)(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)