07 Apr '13, 11pm

I did not know of this

I did not know of this

The founder of Virgin and Virgin Atlantic Airlines, Branson announced at the CGI he would invest all future profits of the Virgin Group's transportation businesses -- mainly airlines and trains -- into renewable energy initiatives both within his own transportation companies and in new biofuel research and development projects. "If we can develop alternative fuels, if people can take risks on developing enzymes, if we can try to get cellulosic ethanol, then replace the dirty fuels that we are using at the moment. Then I think we have got a great future, I do," said Branson at the CGI. The 10-year, $3 billion commitment follows the launch of his newest company earlier this month, Virgin Fuels, which pledged to invest up to $400 million dollars in renewable energy initiatives over the next three years, starting with the California-based ethanol company, Cilion, Inc. "What Ri...

Full article: http://www.renewableenergyworld.com/rea/news/article/2006...

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