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| Branson makes $3bn climate pledge | Branson makes $3bn climate pledge |
| (10 minutes later) | |
| Sir Richard Branson is to donate $3bn (£1.6bn) to fight global warming. | Sir Richard Branson is to donate $3bn (£1.6bn) to fight global warming. |
| The Virgin boss said he would give all profits from his travel firms, such as airline Virgin Atlantic and Virgin Trains, over the next 10 years. | The Virgin boss said he would give all profits from his travel firms, such as airline Virgin Atlantic and Virgin Trains, over the next 10 years. |
| One of the UK's best known entrepreneurs, he made the announcement at a news conference in New York. | One of the UK's best known entrepreneurs, he made the announcement at a news conference in New York. |
| Worth an estimated £3bn, Sir Richard started his career in the record industry before moving into everything from mobile phones to credit cards. | Worth an estimated £3bn, Sir Richard started his career in the record industry before moving into everything from mobile phones to credit cards. |
| "We are very pleased today to be making a commitment to invest 100% of all future proceeds to the Virgin Group from our transportation interest, both our trains and airline businesses, into tackling global warming," he said. | "We are very pleased today to be making a commitment to invest 100% of all future proceeds to the Virgin Group from our transportation interest, both our trains and airline businesses, into tackling global warming," he said. |
| Trains and planes | |
| Sir Richard established his main airline Virgin Atlantic in 1984, starting services between London and New York. | Sir Richard established his main airline Virgin Atlantic in 1984, starting services between London and New York. |
| Today he also owns two low cost airlines, Virgin Express in Europe and Virgin Blue in Australia. | Today he also owns two low cost airlines, Virgin Express in Europe and Virgin Blue in Australia. |
| His Virgin Group owns a 51% stake in UK train company Virgin Trains. | |
| This operates the UK's west coast main line franchise between London and the west of Scotland, and the cross country franchise between the south west of England and Scotland. |