The government recently did a veto on a bill that would require investments in Retirement funds not be required to meet the Environment, Social, and Government requirements, rather than on profitability. The Silicone Valley Bank failure shows that they contributed/invested $5 billion in Green New Deal initiatives, but then could not pay the $2 billion
"Silicon Valley Bank, the bank of the world’s most innovative companies and their investors, today announced it has committed to provide at least $5 billion by 2027 in loans, investments and other financing to support sustainability efforts and the company has set a goal to achieve carbon neutral operations by 2025."
"The company believes it has about $2.2 billion of liquidity.
“In addition to cash and its interests in SVB Capital and SVB Securities, SVB Financial Group has other valuable investment securities accounts and other assets for which it is also exploring strategic alternatives,” the company said in a statement.
Its funded debt is about $3.3 billion and it has $3.7 billion of preferred equity."
