Fox Business anchor says declining investment in fossil fuels is the real emergency instead of climate change
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From the July 24, 2022, edition of Fox News’ Sunday Morning Futures with Maria Bartiromo
REP. RO KHANNA (D-CA): And the climate emergency, look, if there were ever a time to go to the American people and say we don't want petrostates like Russia to have power, we don't want our president to have to go to beg to Saudi Arabia for oil, we don't want to be going dependent on Iran or Venezuela, the way to do that is to have a moonshot on renewable energy, and to make that stuff in America, not China. That's what a climate emergency would do. It would say because of this war, let's have a long-term energy independence strategy, and make the solar, the wind, the batteries here.
MARIA BARTIROMO (ANCHOR): Oh, I think it is an emergency, but it's an emergency because we have completely iced out investing in fossil fuels. I mean, that's really where the emergency is. You go to any investment portfolio manager today, and they're being told, you better get onboard with ESG, or you're going to have major problems. You're not going to be investing in fossil fuels.
So, if you’re talking about an emergency, why not reinstate the XL pipeline? Why not allow drilling on federal land right now, congressman? Wouldn't that get gasoline prices lower, rather than going hat in hand to Saudi Arabia?
KHANNA: Well, what would get gasoline prices lower is stop exporting the oil while these oil companies are making billions of dollars. I mean, it's not like they're not making huge, record profits — $30, $40 billion of profits, while Americans are getting fleeced at the pump. And they’re selling their oil overseas to make that profit.
BARTIROMO: It's not the oil companies’ fault, sir. You're going to see — this is capitalism, you’re going to see companies make money for selling a product. That is democracy and capitalism.