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NatureGround >> Branson Gives $3B For Environment


9/21/06 1:00 PM
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AngryFoamy
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Edited: 21-Sep-06
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Branson pledges $3B to fight climate change

<SCRIPT language=JavaScript type=text/javascript> </SCRIPT> POSTED: 12:29 p.m. EDT, September 21, 2006

NEW YORK (AP) -- British business mogul Richard Branson said Thursday he would invest about $3 billion to combat global warming over the next decade.

Branson, the billionaire behind the multi-platform Virgin brand, said the money would come from 100 percent of the profits generated by his transportation and airline sectors.

It will then be invested in efforts to find renewable, sustainable energy sources in an effort to wean the world off of oil and coal.

Branson made the announcement on the second day of the Clinton Global Initiative, an annual conference of business, political and nonprofit leaders hosted by former President Clinton. (Watch as Branson puts his money where his mouth is on fighting global warming -- 2:07)

"Our generation has inherited an incredibly beautiful world from our parents and they from their parents," Branson said at a news conference with Clinton at his side. "We must not be the generation responsible for irreversibly damaging the environment."

Clinton praised Branson, calling him one of the most "creative" and "committed" people had ever known.

The commitment ensures that the conference, which brings people together to brainstorm on solutions to global issues, would more than meet its goal of matching last year's efforts. In 2005, the conference received more than $2 billion in pledges.

The initiative began Wednesday with a slew of world figures, from first lady Laura Bush to Pakistan President Pervez Musharraf.

The Thursday session featured Afghan President Hamid Karzai and Queen Rania al-Abdullah of Jordan.

The gathering, in its second year, brings together government, business and nonprofit sectors in an effort to spur action on poverty, health care, global warming and religious/ethnic conflict.

New York Sen. Hillary Rodham Clinton was to attend, as was former Vice President Al Gore. Other speakers expected included former President Jimmy Carter and champion cyclist Lance Armstrong.

Copyright 2006 The Associated Press. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.

http://www.cnn.com/2006/TECH/science/09/21/branson.global.warming.ap/index.html

9/21/06 1:02 PM
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Downtown
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Edited: 21-Sep-06
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His kids are really really really pissed off.
9/21/06 1:05 PM
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HELWIG
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Edited: 21-Sep-06
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REBEL BILLIONAIRE! He does not act the way youd expect a billionaire to act.
9/21/06 1:08 PM
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AngryFoamy
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Edited: 21-Sep-06
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First Warren Buffet now him.  It's really impressive to see people do something positive for humanity with their money.  It is definitely encouraging.

9/21/06 1:16 PM
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Downtown
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Rufus could actually be correct. Let me explain:

I'm all for multi billionaires donating money. However, when you donate that kind of money, there WILL be people trying to steal it. Greenpeace activists will club a baby seal in a second for enough cash. To deny this fact is pure ignorance or stupidity.

The cash can be given away but it will have to be heavily audited to ensure the integrity of the organization it goes to. There is a huge margin for fraud. It could be stolen and misused which is a HUGE WASTE OF MONEY.

Good anaylsis Rufus. You are an asset.

9/21/06 1:25 PM
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andre
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Edited: 21-Sep-06
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I'm a big Charles Branson fan.
9/21/06 1:27 PM
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AngryFoamy
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Edited: 21-Sep-06
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AWESOME Thinking DOWNTOWN!!!

Way to go on that optimistic thinking.  For your next trick you should tell us how the conflict in Iraq will turn out, or the possibility for peace between Isreal and Palastine.

You know what better yet, why don't you just keep your Negative-Nancy remarks to yourself and let us happy people spread the joy like butter.

Thanks for coming to work today.  You make a difference!!!

9/21/06 1:29 PM
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GaydarBlane
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Edited: 21-Sep-06
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!!!!Breaking news!!!! Taggart Transcontinental to build new railroad in Mexico in effort to encourage development! j/k I think that is great news.
9/21/06 1:40 PM
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Downtown
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Foamy, are saying fraud doesnt exist? Are you saying that all people are good and no one is ever bad? Are you saying no one ever involved with a so-called non-profit has ever committed a crime or embezzled funds? (remember the PTL and United Way?)  If so, does the sand get in your ears when you bury your head?

I agree that Branson is doing a good thing by donating some of his mass fortune. However, if not managed correctly, it WILL be a waste of money. You can not argue with that.

Also, who said anything about Iraq? Not me.

9/21/06 1:41 PM
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BaldTony
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Edited: 21-Sep-06
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t will then be invested in efforts to find renewable, sustainable energy sources in an effort to wean the world off of oil and coal. Because of that, I am very pleased by his effort. It's technology that'll get us out of this, not destroying the economy of the first World.
9/21/06 1:43 PM
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SirPrize
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Edited: 21-Sep-06
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Waste of money. http://www.foxnews.com/story/0,2933,185171,00.html "As tallied up at JunkScience.com courtesy of the global warmers? own data, Kyoto is estimated to have cost about $150 billion so far, while only hypothetically reducing the average global temperature by 0.0015 degrees Centigrade. At that rate, it would take 667 years and cost $100 trillion to hypothetically avert just 1 degree Centigrade of global warming." If you want to know how they came up with these numbers, check here: http://junkscience.com/MSU_Temps/Kyoto_Count_Up.htm Even Al Gore sounds less than convincing: "While Kyoto?s failure may be news to the public, it?s not to former vice president and global-warmer-in-chief Al Gore, who smugly admitted on Jan. 4 at a political gathering that included yours truly, ?Did we think Kyoto would work when we signed it [in 1997]?... Hell no!? Gore explained that the actual point of Kyoto was to demonstrate that international support could be mustered for action on the environment ? quite an expensive political exercise."

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