Richard Branson—who owns 3 airlines—calls for a carbon tax

He owns three airlines, but he’s still in favour of a carbon tax. Entrepreneur Richard Branson yesterday called for an end to subsidies for dirty fuels and oil drilling in the Arctic, and for a cap on coal and a carbon tax, saying that he is prepared to shoulder the short-term cost. In a meeting in New York about the forthcoming UN climate summit in December, Branson painted a picture of a world powered by wind and solar. If governments and businesses come up with big innovations to counter climate change, he said, in 2050 we will have a world where fuel would be cheaper than today to benefit hospitals and schools. “Countries that are big oil producers, coal producers are going to have to adapt but the vast majority of the world will benefit. It will pull everyone out of poverty and it will be a really exciting world to aim for.”

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Richard Branson—who owns 3 airlines—calls for a carbon tax

He owns three airlines, but he’s still in favour of a carbon tax. Entrepreneur Richard Branson yesterday called for an end to subsidies for dirty fuels and oil drilling in the Arctic, and for a cap on coal and a carbon tax, saying that he is prepared to shoulder the short-term cost. In a meeting in New York about the forthcoming UN climate summit in December, Branson painted a picture of a world powered by wind and solar. If governments and businesses come up with big innovations to counter climate change, he said, in 2050 we will have a world where fuel would be cheaper than today to benefit hospitals and schools. “Countries that are big oil producers, coal producers are going to have to adapt but the vast majority of the world will benefit. It will pull everyone out of poverty and it will be a really exciting world to aim for.”

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