good news from virgin mogul
150202CAIT lin | 21.09.2006 19:34 | Ecology
just got this off guardian unlimited, apparently from the press association, no time to elaborate;
richard branson has pledged to invest $3 billion over the next 10 years to combat global warming and promote alternative energy. the money will come from 100% of the profits generated by his transportation and airline sectors.
PA 6.23 PM
richard branson has pledged to invest $3 billion over the next 10 years to combat global warming and promote alternative energy. the money will come from 100% of the profits generated by his transportation and airline sectors.
PA 6.23 PM
150202CAIT lin
e-mail:
copito@bushinternet.com
Additions
Not exactly...
22.09.2006 12:42
Another way of looking at this story is "Businessman invests £1.6 billion from his own company... in his own company."
The main part of the money is going to his own company's research into bio-fuel - research which will no doubt provide the company with hefty profits in the future, particularly when countries start clamouring for alternatives to oil.
So it's not quite the wild philanthropic gesture the posting above suggests.
Still, it's good news and a step in the right direction. Hopefully others will follow suit.
Norville B
Comments
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What!!!
21.09.2006 19:50
Profits invested into renewable energy..... like wind farms to power his trains? Thats not a charitable gesture thats called investment.
mind you its a baby step in the right direction
Bob
"How Does Richard Branson Get Away With It?"
22.09.2006 13:20
Probably needs updating now to include / conclude "because he makes grand but hollow gestures that pretend he cares".
Do these businesses actually make a profit to be invested elsewhere? It's easy to shuffle "investments" around to give the right number in the "profit" column, that's why have so many separate businesses with similar names.
Scuse my Scepticism
HMmm
22.09.2006 14:45
The problem with statements such as bransons is that it allows ordinary people to assume that "they" are sorting the problem out while really its a problem caused by us that can only be fixed by us
paul