Gas
U.S. Wants World Bank to Drop Ban on Upstream Oil and Gas Funding
CEII brief
OilPrice.com reported on 15 Oct 2026: U.S. Wants World Bank to Drop Ban on Upstream Oil and Gas Funding.
Read the full story on OilPrice.comThe World Bank needs profound reforms, including reversing a ban on upstream oil and gas financing, U.S. Treasury Secretary Scott Bessent said in a statement for the World Bank Development Committee and the IMF International Monetary and Financial Committee.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
21.9% of electricity in the world came from gas in 2024Original reporting © OilPrice.com. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
