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If someone other than Richard Branson had announced that he was waging war on the carbon dioxide molecule, it would probably have seemed a bit presumptuous. But we're talking about billionaire Sir Richard Branson, CEO of 360 companies including one that produced the first manned commercial spacecraft. If he's looking into it, it means he sees both a great challenge and a great opportunity.

richard branson carbon dioxide war on carbon dioxide

"Sir Richard Branson and fellow leading businessmen will warn ministers this week that the world is running out of oil and faces an oil crunch within five years.

The founder of the Virgin group, whose rail, airline and travel companies are sensitive to energy prices, will say that the ­coming crisis could be even more serious than the credit crunch.

"The next five years will see us face another crunch – the oil crunch. This time, we do have the chance to prepare. The challenge is to use that time well," Branson will say."

richard branson oil crunch peak oil virgin greennumbers