Branson pledges $3B to fight global warming

Billionaire business mogul says 100% of future proceeds from certain divisions of Virgin Group will go towards tackling problem.

NEW YORK (Reuters) — Billionaire British businessman Richard Branson Thursday committed $3 billion over the next 10 years to combating global warming.

“We are very pleased today to be making a commitment to invest 100 percent of all future proceeds to the Virgin Group from our transportation interest, both our trains and airline businesses, into tackling global warming,” Branson told a news conference at the Clinton Global Initiative in New York.

Reuters