Tuesday, October 16, 2012

Remember six years ago, when warmist Richard Branson pledged to spend three billion dollars to save the world from CO2-induced bad weather via biofuels?

So where's the followup?  How much of that pledged $3 billion has Branson actually ponied up to date, and what are his results?

Virgin's Richard Branson Bares His Business 'Secrets' | WBUR & NPR
[Oct 10, 2012]: BRANSON: Well, look, I mean, about three or four [actually six] years ago, at the Clinton Global Initiative, I pledged that 100 percent of any profits we made from our airline businesses we would invest in alternative fuels. And what we've been trying to do is come up with a fuel that we can power our planes by that emits no carbon.

MONTAGNE: And you expect that to become a reality how soon?

BRANSON: I would hope that there would be enough fuel produced that, you know, most Virgin planes in four or five years time would be flying on clean fuels.
2006: Branson pledges $3bn transport profits to fight global warming | Environment | The Guardian
Sir Richard Branson joined the growing ranks of global warming activists yesterday by committing $3bn (£1.6bn) to tackle climate change. The billionaire pledged all profits from his Virgin air and rail interests over the next 10 years to combating rising global temperatures. However, the estimated $3bn will not go to charities and will be invested in a new branch of Sir Richard's ever-expanding Virgin conglomerate, Virgin Fuels. Much of the investment will focus on biofuels, an alternative to oil-based fuels made from plants.
July 2012: Virgin America: All Aboard the Party Plane - Businessweek
Offering craft beers and snazzy outfits still might not be enough to overcome Virgin America’s biggest problem: It’s an airline. The cost of fuel has more than doubled since Virgin was founded in 2004, and the company has not had a profitable year in the five years since planes officially took off.

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