‘You Can’t Do It Overnight’: Billionaire Warns Of Danger From Going Green Too Rapidly | Eastern North Carolina Now | Billionaire entrepreneur John Paul DeJoria cautioned on Friday that the push toward renewable energy cannot occur overnight without serious economic consequences.

Coronavirus Disease 2019 (COVID-19)
    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Ben Zeisloft.

    Billionaire entrepreneur John Paul DeJoria cautioned on Friday that the push toward renewable energy cannot occur overnight without serious economic consequences.

    During an interview with Fox Business, the co-founder of John Paul Mitchell Systems explained that the United States used to be "totally sufficient when it comes to energy," but is experiencing headwinds from the rapid transition toward green sources.

    "No disrespect to those who want to go green. I want to go green, I wave the green flag, but you can't do it overnight," he explained. "You've got to adjust to it over time and not take a nation almost to its knees because you want to go green immediately."

    DeJoria, who was homeless before successfully launching his hair product empire, added that the transition ought to be led by the private sector. "It's got to be done as a business person would," he remarked. "Here's the oil and gas consumption, here's what we want to do, and let's gradually get into it."

    The remarks come as European nations, many of which heavily regulate oil and gas production, contend with soaring energy costs amid the Russian invasion of Ukraine. Several countries, including Spain and France, have requested that their citizens slash energy consumption by reducing reliance upon air conditioning and heating systems. The European Union, in accordance with the European Green Deal and the Paris Climate Agreement, abides by the goal of becoming "a climate-neutral society" by 2050.

    European Commission President Ursula von der Leyen has announced that she would propose standards for European Union member states to reduce "overall electricity consumption" funded by redistributing profits from energy companies. Russian shipments constituted 40% of the European natural gas supply last year, although the rate has since dropped to 9%.

    In the United States, officials in the Biden administration have contended that higher energy prices will compel the market to more quickly adopt green power. Treasury Secretary Janet Yellen said during a recent speech that "no country controls the wind and the sun," meaning producers "can harness those sources of energy" to "make their economies more resilient and secure." Transportation Secretary Pete Buttigieg similarly remarked that "the more pain we are all experiencing from the high price of gas, the more benefit there is for those who can access electric vehicles."

    JPMorgan Chase CEO Jamie Dimon rebutted such arguments by noting that developing nations such as India, China, and the Philippines revert to coal power when oil and natural gas prices begin to rise, resulting in more emissions. "I think we're getting energy completely wrong, which is, you know, ever since this war started, you know that Europe is going to have a problem," he said during a recent interview. "And that it was pretty predictable that Putin was going to cut off some gas and some oil, and oil prices would go up."

    The White House is nevertheless pursuing a "whole-of-government approach to put climate change at the center of our domestic, national security, and foreign policy," according to a speech delivered by President Joe Biden days after his inauguration. The Office of the Comptroller of the Currency, an entity in the Treasury Department charged with regulating and supervising banks, recently tapped a new chief climate risk officer.

With the Midterm Elections less than one week away: What do you consider the top issues that you will be voting on to be corrected by your better representation?
  Big Government getting Bigger
  Biden /Democrat controlled Spike in Energy Cost
  Inflation created by Legislation of Majority in Power
  Gender Reassignment
  Corrupted Bureaucratic /Service (DOJ, FBI, etc.) Institutions
  Discredited Legacy Media
  Ending the Corruption of Dishonest Politicians
  Corruptive Influence of Social Media
  Wide Open Southern Border
189 total vote(s)     What's your Opinion?

Inarguably, the policies of the Democrats in congress and Joe Biden as the Executive is plunging the United States into a recession, if we are not already there; a recession that was completely avoidable. Will abrupt changes in policies occur in time?
  Yes, the Democrats have a bold plan, yet to be revealed, to save us.
  No, there will have to be a complete undoing of the damage done by these Democrats.
  I can't do simple math, so how am I to understand the concept of basic economics.
1,181 total vote(s)     What's your Opinion?

Go Back

Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )

Harvard University Admits Climate Goals Contributed To $2.3 Billion Endowment Loss Daily Wire, Guest Editorial, Editorials, Op-Ed & Politics California Cities Getting Hit Hardest By Inflation – And How They Voted


Latest Op-Ed & Politics

We trust our readers to make their own conclusions. We'd love to hear what you think
A spokesman for Santa's Workshop today announced the organization's latest advance in their ongoing efforts to determine who's naughty and who's nice
demands federal government pays it to all, costing billions
Vice President Kamala Harris is spearheading a White House initiative to electrify the nation’s school buses, the administration announced Wednesday.
politization of leadership is biggest public concern
Twitter CEO Elon Musk said Monday that he will soon be releasing files on how the social media platform has engaged in suppressing free speech.


In the age of wokeness, ideological (re)education trumps mission-preparedness.
A new book alleges that after Ted Kennedy left his car and his passenger, Mary Jo Kopechne, in a pond off of Chappaquiddick Island, where Kopechne drowned, he returned to the party they had attended and told his close friends he wanted to say Kopechne was driving the car.
Hawaii’s largest active volcano began erupting Sunday night, with lava flow warnings issued to the surrounding area.
Apple CEO Tim Cook confirmed this morning that he's prepared to remove the Twitter app from the App Store but that he's waiting for orders from CCP President Xi before he makes a move.
A wave of Twitter users began impersonating government officials and major corporations after Elon Musk introduced a new scheme for verifying users on the platform.
In a dramatic ruling issued just days before midterm elections, the North Carolina Supreme Court upheld a lower court’s ruling and ordered the transfer of millions of dollars to pay for a school improvement plan designed to ensure North Carolina’s school children receive a sound basic education


Chest reconstruction surgeries performed on minors across the United States increased by approximately 400% during a three-year span, according to a new report.


Back to Top