{"id":1689643,"date":"2022-10-14T18:17:22","date_gmt":"2022-10-14T22:17:22","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1689643"},"modified":"2022-10-14T18:56:05","modified_gmt":"2022-10-14T22:56:05","slug":"you-cant-do-it-overnight-billionaire-warns-of-danger-from-going-green-too-rapidly","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/you-cant-do-it-overnight-billionaire-warns-of-danger-from-going-green-too-rapidly\/","title":{"rendered":"\u2018You Can\u2019t Do It Overnight\u2019: Billionaire Warns Of Danger From Going Green Too Rapidly"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fyou-cant-do-it-overnight-billionaire-warns-of-danger-from-going-green-too-rapidly%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1689643&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Billionaire entrepreneur John Paul DeJoria cautioned on Friday that the push toward <a href=\"http:\/\/dailywire.com\/topic\/climate-change\" target=\"_blank\" rel=\"noopener\">renewable energy<\/a> cannot occur overnight without serious <a href=\"http:\/\/dailywire.com\/topic\/economy\" target=\"_blank\" rel=\"noopener\">economic<\/a> consequences.<\/p>\n<p>During an <a href=\"https:\/\/www.foxbusiness.com\/politics\/billionaire-entrepreneur-warns-perils-going-green-fast-cant-take-nation-knees\" target=\"_blank\" rel=\"noopener\">interview<\/a> with Fox Business, the co-founder of John Paul Mitchell Systems explained that the United States used to be \u201ctotally sufficient when it comes to energy,\u201d but is experiencing headwinds from the rapid transition toward green sources.<\/p>\n<p>\u201cNo disrespect to those who want to go green. I want to go green, I wave the green flag, but you can\u2019t do it overnight,\u201d he explained. \u201cYou\u2019ve got to adjust to it over time and not take a nation almost to its knees because you want to go green immediately.\u201d<\/p>\n<p>DeJoria, who was homeless before successfully launching his hair product empire, added that the transition ought to be led by the private sector. \u201cIt\u2019s got to be done as a business person would,\u201d he remarked. \u201cHere\u2019s the oil and gas consumption, here\u2019s what we want to do, and let\u2019s gradually get into it.\u201d<\/p>\n<p>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 <a href=\"https:\/\/www.dailywire.com\/news\/french-president-calls-for-10-cut-in-energy-use-will-ration-power-as-a-last-resort\" target=\"_blank\" rel=\"noopener\">requested<\/a> 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 <a href=\"https:\/\/ec.europa.eu\/clima\/eu-action\/climate-strategies-targets\/2050-long-term-strategy_en\" target=\"_blank\" rel=\"noopener\">goal<\/a> of becoming \u201ca climate-neutral society\u201d by 2050.<\/p>\n<p>European Commission President Ursula von der Leyen has <a href=\"https:\/\/www.dailywire.com\/news\/european-union-social-market-economy-might-redistribute-fossil-fuel-profits\" target=\"_blank\" rel=\"noopener\">announced<\/a> that she would propose standards for European Union member states to reduce \u201coverall electricity consumption\u201d 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%.<\/p>\n<p>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 <a href=\"https:\/\/www.dailywire.com\/news\/no-country-controls-the-wind-and-the-sun-janet-yellen-touts-hundreds-of-billions-in-climate-spending\" target=\"_blank\" rel=\"noopener\">speech<\/a> that \u201cno country controls the wind and the sun,\u201d meaning producers \u201ccan harness those sources of energy\u201d to \u201cmake their economies more resilient and secure.\u201d Transportation Secretary Pete Buttigieg similarly <a href=\"https:\/\/www.dailywire.com\/news\/pete-buttigieg-tells-americans-how-they-can-channel-their-pain-at-the-pump\" target=\"_blank\" rel=\"noopener\">remarked<\/a> that \u201cthe more pain we are all experiencing from the high price of gas, the more benefit there is for those who can access electric vehicles.\u201d<\/p>\n<p>JPMorgan Chase CEO Jamie Dimon <a href=\"https:\/\/www.dailywire.com\/news\/americas-top-banking-ceo-unleashes-on-the-biden-admin-were-getting-energy-completely-wrong\" target=\"_blank\" rel=\"noopener\">rebutted<\/a> 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. \u201cI think we\u2019re getting energy completely wrong, which is, you know, ever since this war started, you know that Europe is going to have a problem,\u201d he said during a recent interview. \u201cAnd that it was pretty predictable that Putin was going to cut off some gas and some oil, and oil prices would go up.\u201d<\/p>\n<p>The White House is nevertheless pursuing a \u201cwhole-of-government approach to put climate change at the center of our domestic, national security, and foreign policy,\u201d according to a <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2021\/01\/27\/remarks-by-president-biden-before-signing-executive-actions-on-tackling-climate-change-creating-jobs-and-restoring-scientific-integrity\/#:~:text=It%27s%20a%20whole%2Dof%2Dgovernment,We%27re%20bold.\" target=\"_blank\" rel=\"noopener\">speech<\/a> 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, <a href=\"https:\/\/www.ots.treas.gov\/news-issuances\/news-releases\/2022\/nr-occ-2022-110.html\" target=\"_blank\" rel=\"noopener\">recently tapped<\/a> a new chief climate risk officer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u201ctotally sufficient when it comes to energy,\u201d but is experiencing headwinds from the &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1890330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"\u2018You Can\u2019t Do It Overnight\u2019: Billionaire Warns Of Danger From Going Green Too Rapidly","footnotes":""},"categories":[541],"tags":[],"class_list":["post-1689643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"\u2018You Can\u2019t Do It Overnight\u2019: Billionaire Warns Of Danger From Going Green Too Rapidly","fifu_finder_url":"https:\/\/www.dailywire.com\/news\/you-cant-do-it-overnight-billionaire-warns-of-danger-from-going-green-too-rapidly","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1689643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1689643"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1689643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1890330"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1689643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1689643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1689643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}