Fox Business anchor says declining investment in fossil fuels “really where the emergency is” instead of climate change

REP. RO KHANNA (D-CA): And the local weather emergency, glimpse, if there ended up ever a time to go to the American people and say we never want petrostates like Russia to have ability, we do not want our president to have to go to beg to Saudi Arabia for oil, we really don’t want to be heading dependent on Iran or Venezuela, the way to do that is to have a moonshot on renewable strength, and to make that stuff in The us, not China. That is what a climate crisis would do, it would say mainly because of this war, let’s have a long-expression strength independence approach, and make the photo voltaic, the wind, the batteries listed here.

MARIA BARTIROMO (HOST): Oh, I think it is an unexpected emergency, but it can be an emergency due to the fact we have wholly iced out investing in fossil fuels. I imply, that is definitely where the unexpected emergency is. You go to any financial investment portfolio manager currently, and they’re being told, you far better get onboard with ESG, or you might be likely to have major issues. You happen to be not likely to be investing in fossil fuels.

So, if you are speaking about an unexpected emergency, why not reinstate the XL pipeline? Why not enable drilling on federal land correct now, congressman? Would not that get gasoline charges lower, rather than heading hat in hand to Saudi Arabia?

KHANNA: Effectively, what would get gasoline charges decrease is, quit exporting the oil though these oil organizations are creating billions of dollars. I indicate, it is really not like they are not making enormous, report revenue — 30, 40 billion bucks of income, although Us residents are receiving fleeced at the pump. And they’re providing their oil overseas to make that financial gain.

BARTIROMO: It’s not the oil companies’ fault, sir. You’re likely to see — this is capitalism, you’re going to see organizations make revenue for selling a solution. That is democracy and capitalism.