Branson pledges £1.6bn for research

Branson makes $3bn climate pledge

Sir Richard Branson is to invest $3bn (£1.6bn) to fight global warming.

The Virgin boss said he would commit all profits from his travel firms, such as airline Virgin Atlantic and Virgin Trains, over the next 10 years.

“We must rapidly wean ourselves off our dependence on coal and fossil fuels,” Sir Richard said.

The funds will be invested in schemes to develop new renewable energy technologies, through an investment unit called Virgin Fuels.

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