Home Lifestyle WATCH: CNBC’s Joe Kernen Wrecks Woke CEO’s $100M ESG Political Theater

WATCH: CNBC’s Joe Kernen Wrecks Woke CEO’s $100M ESG Political Theater

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CNBC anchor Joe Kernen ripped the meaningless political theater by woke CEOs who hold forth about renewable vitality to struggle local weather change however haven’t any actual sense as to the way to absolutely transition away from fossil fuels.

United Airways CEO Scott Kirby joined the Feb. 21 version of CNBC’s Squawk Field to solid himself as a patron saint of the rising ESG standards-obsessed motion by his new $100 million sustainable flight fund that seeks to supposedly “decarboniz[e] air journey.” “It’s a primary of its form,” Kirby propagandized. “We’re not simply shopping for sustainable aviation gasoline [SAF]. We’re actually investing within the expertise, the R&D, the businesses which might be attempting to construct this trade as a result of this trade doesn’t actually exist at present.” He even praised President Joe Biden’s multibillion-dollar, inflation-stimulating Inflation Discount Act as making “a whole bunch of potential [SAF] tasks possible that weren’t possible earlier than.” Uh, what? In Kirby’s estimation, “That is all about attempting to vary the provision and alter the economics.” Kernen wasn’t shopping for it, and implied that what Kirby was doing was the equal of merely sticking “your toe within the water” to make his firm appear woke.

CNBC reporter Phil LeBeau tried to get Kirby to provide a timeframe on how briskly the transition from jet gasoline to SAF can be provided that the latter was roughly “two to 4 instances costlier than jet gasoline.” Kirby simply danced across the query and by no means gave a straight reply. Kernen then identified simply how insignificant Kirby’s $100 million virtue-signaling fund actually was: “Goldman Sachs’ Jeff Currie factors out: ‘Over the past ten years we’ve spent $3.8 trillion on renewables and fossil fuels went from 82 p.c of vitality consumption to 81 p.c.’” Discuss having a negligible impact. Kernen proceeded to make Kirby’s ESG scheme look ridiculous:

At any time when I speak concerning the want for not dashing the transition away from fossil fuels, I all the time take into consideration world commerce and the way necessary it’s for FedEx and United and — you title it — to have the ability to go across the globe and jet gasoline is the way you do this. So, I imply, a $100 million — I get it —  however you guys spend billions on different issues.

Kernen then tried to get Kirby once more to be real looking about the time-frame it could take to switch the jet gasoline that United makes use of with renewables. “Ten years? Fifteen years? Fifty years? What’s a practical quantity with out simply, , feeling good about doing this,” Kernen requested.

Kirby once more deflected from answering the query instantly. Fairly, Kirby simply determined to play it protected by saying he does “take note of local weather change” and alluding to the apparent that the worldwide transition wasn’t occurring “in a single day.” He proceeded to gaslight how his fund and Biden’s so-called Inflation Discount Act created a “framework that you would be able to make investments with certainty for the long run.” He continued: “I am not one hundred percent certain how lengthy it should take however I’m sure that that is the one method to really ultimately get to a solution for SAF and for a hard-to-decarbonize trade like aviation.” It is onerous to see how Kirby is de facto “sure” of something pertaining to his local weather enterprise given his long-winded reply that by no means actually addressed Kernen’s query.

Maybe Kirby wasn’t in a position to give a very definitive reply as a result of perhaps the idea of an entire inexperienced overhaul within the foreseeable future was baloney and Kernen wasn’t having any of it. 

Conservatives are below assault. Contact ABC Information at 818-460-7477, CBS Information at 212-975-3247 and NBC Information at 212-664-6192 and demand they report the reality on the risks that ESG requirements pose to the American economic system.

 



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