At WEF24, World Bank President Says Developing Nations Can’t Enjoy Natural Gas

EXCERPT:

BANGA: “And the first one is that leadership is a question of truth. And let's take the topic of natural gas. Europe lives on natural gas. America generates a great deal of natural gas as well. How can we tell the developing world that they cannot have access to natural gas as part of the transition if we live on it ourselves? And so I think there's a little bit of the issue of trust in each other. I actually believe that if you open the taps of natural gas everywhere, you won't be able to close it again. So the wrong answer is to say, let me just do what I want. The correct answer is to say, what's the right way of bridging this situation? These are hot topics. They get emotional, they get political. And as someone said at a lunch a little while ago, the challenge with politics is we know what we need to do, the problem in the democratic world is you probably won't get elected again, if you do it. And I think that is a situation that needs to be tackled.”