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Branson gives $3bn to fight global warming
zephyr1
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1
5-19-2007 11:38 AM
232 views
tags:
global warming
,
branson
,
renewable energy
,
biofuels
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ad04b0c0-eb12-4e35-9b07-b599da4edfaa/72EB8BA6-A515-4707-BE80-ED286575EC37/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.philanthropyguide.com/2006/09/22/branson-gives-3bn-to-fight-global-warming/" href="http://www.philanthropyguide.com/2006/09/22/branson-gives-3bn-to-fight-global-warming/" style="font-size: 11px;">www.philanthropyguide.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.philanthropyguide.com/2006/09/22/branson-gives-3bn-to-fight-global-warming/"><P>“The billionaire said business had a duty to future generations and the money would come from the profits of his Virgin Group’s airline and train operations, making it one of the most significant investments by a private firm in green initiatives.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.philanthropyguide.com/2006/09/22/branson-gives-3bn-to-fight-global-warming/"><P>The funds will be invested in schemes to develop new renewable energy technologies, including new biofuels for aircraft which could cut down on damaging CO2 gases.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.philanthropyguide.com/2006/09/22/branson-gives-3bn-to-fight-global-warming/"><P>“As part of the investment, more than half of the profits of Virgin Trains - of which Sir Richard’s Virgin Group owns 51% - will be allocated to the environment.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.philanthropyguide.com/2006/09/22/branson-gives-3bn-to-fight-global-warming/"><P>“Perth-based Stagecoach, which has the remaining 49% stake in Virgin Trains, said it had no plans to match Branson’s pledge. A Stagecoach spokesman said it had been aware of the Virgin Group’s announcement, and it hoped to pilot some of the renewable energy initiatives financed by Sir Richard.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/72EB8BA6-A515-4707-BE80-ED286575EC37/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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