CircleCI local execution failure when using orbs relying on the circleci CLI

I am attempting to use the circleci-cli to run a pipeline locally after discovering the feature a little while ago. Our pipelines make use of orbs, including private orbs. I figured out setting the --org-slug would allow processing the config to work; however, I’m now facing an issue where the circleci-cli seems to be using a very old version that does not contain the env command, like in this issue.

The linked issue was closed a year and a half ago with no resolution and a vague hint that the feature was known to be broken? Can I get some more clarity on if this functionality is expected to work?