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Virgin pledges $3bn to combat global warming

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The British billionaire Sir Richard Branson today pledged to commit $3bn (£1.66bn) over the next 10 years to help combat global warming. Speaking at a news conference in New York, Sir Richard said the money would be taken from all of Virgin Group's transport businesses, including Virgin Airlines. "We are very pleased today to be making a commitment to invest 100% of all future proceeds to the Virgin Group from our transportation interest, both our trains and airline businesses, into tackling global warming," he said.
Guardian Unlimited Business | | Virgin pledges $3bn to combat global warming