« Shuttle Returns | Main | Goodbye Old Job, I Will Miss You »

Go Virgin!

Suddenly I feel a lot better about having a cell phone that uses Virgin.

Sir Richard Branson, the British magnate and adventurer, said today that all future profits from his five airlines and train company, estimated at $3 billion through the next 10 years, would be invested in developing energy sources that do not contribute to global warming.

He announced the pledge on the second day of the Clinton Global Initiative, a three-day meeting in Manhattan that amounts to a competitive festival of philanthropy run by former President Bill Clinton.

The money, he said, would be invested in a host of enterprises, including existing businesses within Mr. Branson’s Virgin Group of 200 companies, that are seeking ways to save energy or produce fuels not derived from coal and oil.

(via NYT)