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World Bank Shifts Stance on Gas Financing Under US Political Pressure

The World Bank announced it will support natural gas infrastructure "where appropriate," reversing years of strict limitations on fossil fuel project underwriting. This policy shift follows sustained

Elkanah Oluyori
Director, Clement Isong Foundation · 18 October 2026 · 1 min read
World Bank Shifts Stance on Gas Financing Under US Political Pressure

World Bank Shifts Stance on Gas Financing Under US Political Pressure

The World Bank announced it will support natural gas infrastructure "where appropriate," reversing years of strict limitations on fossil fuel project underwriting. This policy shift follows sustained political pressure from the United States government, which remains the bank's largest shareholder. Green economy professionals, institutional investors, and project developers in London, New York, and Lagos are tracking this decision closely because it recalibrates the baseline for international climate finance.

Multilateral lending policies dictate where private capital feels safe to flow across emerging markets. When the world'

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Written by Elkanah Oluyori

Director, Clement Isong Foundation · Uyo, Akwa Ibom State, Nigeria

Elkanah leads Clement Isong Foundation with 16+ years of experience in green economy development, climate justice, and civic technology in Akwa Ibom State and Nigeria. He is the founder of GreenAccelerators, Nigeria's first green economy opportunity portal.

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