Kevin O'Leary sees the green movement leaving some people behind

Kevin O'Leary isn't what you would call an advocate for a green lifestyle.

He has repeatedly advised investors to put there money into energy stocks from companies who are some of the biggest polluters on the planet. 

DON'T MISS: Activision gains as Microsoft tweaks $69 billion takeover to appease UK regulators

"I do not hate oil and gas... that sector is looking golden right now," O'Leary told Fox News in February. 

But he now wants to make it clear that he is "not against going green," he just believes that the timeline for doing so isn't as short as the market would have you believe. 

"The move to green is likely going to take four times longer than people anticipate, maybe even five times... The infrastructure for power itself needs an upgrade, requiring every energy source we can get our hands on because wind and solar are simply not enough," O'Leary said in a tweet above a video of him speaking with Fox about electric vehicles. 

The move to green is likely going to take four times longer than people anticipate, maybe even five times. You can't do this in ten years. It's neither possible nor realistic. The infrastructure for power itself needs an upgrade, requiring every energy source we can get our hands… pic.twitter.com/JOGxjX3wau— Kevin O'Leary aka Mr. Wonderful (@kevinolearytv) August 22, 2023

More Mark Cuban:

• Mark Cuban lashes out at Elon Musk as 'woke' war continues
• Mark Cuban has heated exchange with right-wing sports analyst on NBA's Bud Light comparisons
• Billionaire investor slams 'woke' companies (and Mark Cuban fires back)

"Obviously EVs are terrific if you live in a very dense metro area with easy access to charging stations... but where it's not working is rural America. If you are driving over 200 miles a week this starts to become a huge problem," O'Leary told Fox News earlier this year. 

Even with tens billions of dollars being invested annually by both public and private entities to create a green economy, O'Leary doesn't see that happening for at least another decade. 

"The cost of filling up your battery is not free anymore. So if you bought a Tesla in the first iteration, part of that deal was when you plugged it into the superstation it was free. That's not the case anymore. When you plug it into your house your electrical bill goes up," O'Leary said.

"Where does this power come from? Well it comes from burning gas, and hydrocarbons and even coal. And so this narrative between EV and green is falling apart a little bit."

Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.