Richard Branson pledges $3bn to curb global warming
Interesting news. When Richard Branson gets something into his head, he usually goes with it. From the BBC:
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. ... Sir Richard, 56, said that transport and energy companies "must be at the forefront of developing environmentally friendly business strategies".
I have no doubt that Branson will put his money where his mouth is...
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Comments
Perhaps Sir Richard Branson should think about competing for the Green Riband (www.greenriband.org) - awarded for the fastest circumnavigation of the globe using zero emission transportation. Fuel cells, bio fuels, wind, solar etc...
Posted by: Richard Bennett | October 8, 2006 9:40 PM
My company has the processors that produce our patentede non fossil fuel that when run in an automobile or any device that uses natural gas, we reduce carbon emission by a minimum of 50% and we put up to 15% Oxygen into the atmosphere. These are all proven technologies and we can put industrial sized systems online within two to three months. The exhaust from our fuel when burned is heathier to breath than down town LA on a bad smog day
Posted by: Jeffrey Fila | February 9, 2007 9:06 PM
Look, I'm sitting here working on my solar prototype. I see a four year payback period.
I need a $5000 loan for a larger prototype, and we can probably get a government grant for the other 30%, but what bank is going to invest in a pilot project?
I'm trying to work with a local college that swears it's interested in this type of work, but they move at ice sheet speed. Not the new warmed up ice sheets either.
So when I read that some billionaire is committing lots of cash to the "environment", is it ok if I think, "what the hey?" I'll never see the little that I need (what we need). Nothing's getting done that really needs to get done.
The little global warming inventor is getting strangled. That's my truth. It's heartbreaking. Just don't ask in five years why nothing happened. Got it?
Posted by: Paul Klinkman | December 21, 2007 2:21 AM
I have no doubts Richard branson would put his money as he said but like me now having a small waste re-cycle factory and currently doing a joint R&D with an establish university on a project of reycling waste proucts and material which we can produce diesel and bio-diesel and awaiting our patent to be approve but still it's very hard to get a financial assistant for this. My ROI is just 30 months but even with proven test result its really frustrating to ensure the rich and the banks that we genuinely can make this materialise.......so does it matter if richard branson pledge his money since he is the only person who will in turn gets extra "credits" from the bank....I still am looking for interested investor in my project......
Posted by: ruddy | December 20, 2009 5:16 PM