The Lindbergh Foundation announced last month the recent launch of the Aviation Green Investment Fund (AGI-Fund), an initiative that encourages corporations and individuals to support scientific research and education projects within the industry. The foundation supports many aviation-related research projects, sponsored by companies such as Lycoming Engines and Jeppesen. The latest grant recipient, Dr. Amy Lang, proposed a method of reducing aircraft drag by 30 percent. “The Aviation Green Investment Fund is an alternative to carbon offset programs for aviation operators who want to demonstrate that they are sensitive to environmental issues and willing to take action,” said foundation chairman John King. “Carbon offsets can be ineffective and at best offer break-even results.” The suggested donation for participation in the Aviation Green Investment Fund is eight cents for each gallon of fuel used.
Foundation Offers Alternative to Offsets
- December 27, 2007, 11:23 AM