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Money for Cleantech Inventions Richard Branson

Money for Cleantech  Inventions Richard Branson

Virgin flew the world’s first partially biofuel-powered 747, taking off from London and landing in Amsterdam.  But it was two years earlier, back in 2006, that founder Richard Branson pledged to invest the equivalent of 1.5 billion pounds, or almost 2 billion Euros in late 2006, into renewable fuels.

Money for Cleantech  Inventions Richard Branson

Today, Virgin Green Fund is putting money to work in biofuels, the solar sector, transportation, lighting and others.

Money for Cleantech  Inventions Richard Branson

In 2007, Virgin put aside $25 million dollars for an award it calls The Virgin Earth Challenge, to go to the individual or group able to demonstrate a commercially viable way to remove atmospheric greenhouse gases each year for at least ten years without harmful side effects. And Virgin’s internal sustainability and social responsibility initiative Project Aware is intended to help the company manage its impact on society and the environment through its operations, products and supply chain.

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