sir richard branson

[stubacca68]

Sir Richard Branson is to invest $3bn (£1.6bn) to fight global warming.
The Virgin boss said he would commit all profits from his travel firms, such as airline Virgin Atlantic and Virgin Trains, over the next 10 years.

"We must rapidly wean ourselves off our dependence on coal and fossil fuels," Sir Richard said.

The funds will be invested in schemes to develop new renewable energy technologies, through an investment unit called Virgin Fuels.
One of the UK's best known entrepreneurs, Sir Richard made the announcement in New York on the second day of the Clinton Global Initiative, an annual conference hosted by former US President Bill Clinton.
Sir Richard, 56, said that transport and energy companies "must be at the forefront of developing environmentally friendly business strategies".
Planes and trains
Virgin Trains operates two UK rail franchises
Friends of the Earth broadly welcomed Sir Richard's announcement, but the environmental pressure group warned that the continued fast growth in air travel could not be maintained "without causing climatic disaster".
Worth an estimated £3bn, Sir Richard started his career in the record industry before moving into everything from mobile phones to credit cards.
He established his main airline Virgin Atlantic in 1984, starting services between London and New York.
He also owns two low-cost airlines, Virgin Express in Europe and Virgin Blue in Australia.
His Virgin Group owns a 51% stake in UK train company Virgin Trains.
This firm the UK's West Coast Main Line franchise between London and the west of Scotland, and the cross country franchise between the south west of England and Scotland.

Major donations

Mr Branson's investment pledge comes after US billionaire investor Warren Buffett announced in June that he was donating $37bn to charity.
Mr Buffett gave the money to the charitable foundation run by Microsoft founder Bill Gates, which works to reduce global poverty and improve health and access to education.
Mr Gates himself said in July that the charity, the Bill and Melinda Gates Foundation, was pledging $287m in a bid to speed-up the development of a vaccine for the HIV/Aids virus.
Sir Richard has previously given money to educational charities in Africa.

Well I think its good that somebody as high profile as Sir Richard Branson, is doing something as good as this! However will it put a dent in his massive fortune!! I doubt it! but at least he is doing his bit!

[Rocol]

Agree mate, it is good to see someone putting a part of their wealth into something usefull ;)

[TGLucario]

I agree...all that money...& lets hope does some good