$3 Billion plus $3 Billion = $3 Billion

on

Branson on "space tour"All hail Richard Branson, the billionaire owner of Virgin Atlantic Airways, who has promised (as part of the Clinton Global Initiative) to dedicate the next 10 years of Virgin’s transportation profits to combat global warming. That’s an estimated $3 billion of new money into research on climate change solutions.

At the same time, let’s all acknowledge the continuing position of the Bush Whitehouse, which today re-announced the same roughly $3 billion in annual spending that the American government can, in one way or the other, claim is related to climate change.

President George W. Bush’s plan, with effective start dates that are four years away, couldn’t even garner unanimous support from Republican politicians – although the Exxon-funded think tank, the American Council for Capital Formation, announced that Bush’s new plan was “a substantial, credible effort” to address global warming.
Ouch.

Related Posts

on

Leaders in the state’s environmental justice movement see signs their pressure is bringing accountability for both government and polluters.

Leaders in the state’s environmental justice movement see signs their pressure is bringing accountability for both government and polluters.
Opinion

This bold new mechanism is what’s needed to end fossil fuel-induced violence against women, natural resources, and the climate, argue two African peace activists.

This bold new mechanism is what’s needed to end fossil fuel-induced violence against women, natural resources, and the climate, argue two African peace activists.
on

Fossil fuel defendants in climate liability lawsuits keep losing in their bids to keep cases in federal courts.

Fossil fuel defendants in climate liability lawsuits keep losing in their bids to keep cases in federal courts.
on

Ohio’s “permissive” regulation of fracking waste injection wells threatens public health and the environment, a petition to the EPA says.

Ohio’s “permissive” regulation of fracking waste injection wells threatens public health and the environment, a petition to the EPA says.