The SVB Collapse Makes Fossil Fuels More Attractive

In July of 2021, Silicon Valley Bank (SVB) reported that they expected to invest $58 Billion into Climate Technology. From what I could gather, SVB was heavily invested in Climate tech companies. However, after the collapse of SVB and a week later its parent company filed for bankruptcy protection, Business Insider reported that climate tech startups were left in a crisis.

Connecting the dots between these stories gives me a clear picture that this may lead to a shortfall in funding for green technology projects, potentially increasing the demand for natural gas as an energy source that underfunded green technology projects cannot provide.

https://markets.businessinsider.com/news/stocks/svb-collapse-is-bad-news-for-small-scale-solar-1032174277?op=1
https://www.svb.com/news/company-news/silicon-valley-banks-climate-tech-report-highlights-the-technologies-and-economics-of-a-sustainable-future
https://finance.yahoo.com/news/svb-financial-files-for-bankruptcy-protection-142933225.html?guccounter=1

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