Branson Investing $400m in Eco-Friendly Fuel Research

Branson Investing $400m in Eco-Friendly Fuel Research

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Richard Branson went green today when his Virgin Group launched an investment fund for environmentally friendly fuels. Branson said the new Virgin Fuels business will invest up to $400m (€315.6m) in renewable energy initiatives over the next three years. The most exciting news is that Branson said…

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“We do not intend to limit ourselves to US bio-fuels as we believe that transportation companies have a responsibility to lead and fund research and development of new bio-fuels that can be produed, distributed and used with greater positive environmental impact than the current technologies used in the production of bio-fuels." (Irish Examiner)

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