An Energy Episode: Hydrogen, Crisis, & Fueling Change 8/31/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 31 August 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Majority state-owned Russian Gazprom has shut down gas flows through Nord Stream 1 pipeline, an energy lifeline for much of Europe. CNBC’s Joumanna Bercetche reports on the evolving crisis abroad. Stateside, Vivek Ramaswamy, founder of Strive Asset Management, and Christy Goldfuss, a former Obama energy official now at the Center for American Progress discuss energy politics and ESG investments at home and in Europe. CNBC’s Phil LeBeau reports on another energy story here at home: hydrogen fuel cells and the future of transportation. Plus, Snap and Bed Bath & Beyond are leaning on layoffs and business trims to stay afloat. In this episode: Vivek Ramaswamy, @VivekGRamaswamy Christy Goldfuss, @christygoldfuss Joumanna Bercetche, @CNBCJou Phil LeBeau, @Lebeaucarnews Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. M. C. C. C. C. C. C. C. A.
0:07.0	Today on Squawk Pod, fossil fuels, energy security, and the root of Europe's gas crisis with strive asset
0:15.1	management's Vivek Ramaswami. The courses of action that Europe and the West
0:18.9	more broadly took and systematically under investing in fossil fuels was not even
0:22.4	good for the environment.
0:23.6	The policies that got us here and the policies that will bring us out to a stable future
0:29.1	with one of Obama's former energy officials, Christy Goldfuss.
0:33.0	How is that virtue signaling
0:34.8	when investors are actually just asking corporations
0:38.1	to disclose the information about their impact
0:41.5	on the environment.
0:43.2	Plus some gaps in our retail spending,
0:46.0	and Bed Bath and Beyond is doing all it can to survive.
0:50.4	And so is Snapchat. Is it all pointing to some type of serious slowdown?
0:55.0	And finally, a different player in the future of transportation.
1:00.0	Anything that moves, planes, trains, automobiles, whatever.
1:05.0	We're talking hydrogen with fill the bow.
1:08.0	The hydrogen will go over the fuel cells, creating the electricity that will power semis.
1:14.0	It's Wednesday, August 31st, 2022, and Squawk Pot begins right now.
1:20.0	Stand by and three, two, one, fuel break three good morning and welcome to
1:24.5	squawk box here on cn't b cnbec we're live in the nasac market side in time
	...

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