Branson invests $400 million in biofuels

Read the full post at Biopact.

We already knew that Richard Branson was interested in biofuels, when he said that he thinks all his “Virgin” airplanes will fly on green fuels by 2020. But now the billionaire serial investor made his previous suggestions concrete and launched an investment fund for environmentally friendly fuels. Branson says the new “Virgin Fuels” business will invest up to $400m (€315.6m) in renewable energy initiatives over the next three years. With his biofuel initiative, he follows in the footsteps of Bill Gates, the Google Boys and Vinod Khosla.

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