Reply #4: Branson bets billions to curb global warming (at Clinton's Conference)

[cyberpj]

Virgin airlines founder announces plan at Clinton Global Initiative

NEW YORK - British business mogul Richard Branson on Thursday pledged to commit all profits from his transportation businesses over 10 years to combat global warming — profits that he estimated would reach $3 billion.

Branson, the billionaire behind Virgin Atlantic Airways and the multi-platform Virgin brand, announced the pledge at the Clinton Global Initiative, a conference being hosted by former President Clinton.

“We are very pleased today to be making a commitment to invest 100 percent of all future proceeds to the Virgin Group from our transportation interest, both our trains and airline businesses, into tackling global warming,” Branson told a news conference.

article:
http://msnbc.msn.com/id/14936341