Natural gas is the rich world’s new coal

Natural gas is falling out of favor in the world's developed economies, with investments in infrastructure declining as states and money managers accelerate greening efforts. Elsewhere is the world, however, the cleanest of the fossil fuels continues to expand.

Photo: Isabel Infantes/AFP/Ritzau Scanpix

Even the cleanest fossil fuel is losing its appeal to rich nations.

Just a few years ago, natural gas was hailed as vital for the transition toward an economy that runs on renewable energy. But sentiment is changing and the fuel is going the same way as coal, its dirtier sibling shunned by governments, utilities and investors.

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