Power

Gas, power and AI’s role in the new age of energy addition | Energy News

For two decades, global energy demand was static and efficiency gains, economic shifts, and renewable growth created an illusion of control.

The narrative was one of managed transition — a straight line from fossil fuels to a cleaner, perhaps simpler, energy system.

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Energy companies believe that narrative is over.

Addition, not substitution

It’s unusual to see that many security personnel lining the road to Qatar’s convention centre. Enter LNG 2026, and the vast conference centre in Doha is hosting the people who shape the global energy system. Seated on the same stage were Saad Sherida al-Kaabi of QatarEnergy, Wael Sawan of Shell, Darren Woods of ExxonMobil, Patrick Pouyanne of TotalEnergies, and Ryan Lance of ConocoPhillips — leaders of companies that collectively sit at the centre of global energy supply.

Their estimation: The era of demand is here, and the age of gas is accelerating, not fading.

Everything from artificial intelligence, data centres, electrification and population growth are all pulling the energy system to a new scale. The executives say that demand is rising faster than grids, infrastructure, and policy frameworks can adapt.

From oil to energy

Perhaps that is why the industry is changing how it describes itself. These companies no longer frame their future narrowly like “international oil companies” or oil producers. They now talk about being “international energy companies” – a deliberate shift reflecting a broader ambition: to manage molecules, systems, and supply chains in a world with increasing energy demands.

LNG at Raslaffans Sea Port,
This undated file photo shows a Qatari liquid natural gas (LNG) tanker ship being loaded up with LNG at Raslaffans Sea Port, northern Qatar [File: AP]

Executives outlined projections that underline how deeply the market is changing. Global LNG demand, currently about 400 million tonnes a year, is expected to reach 600 million tonnes by 2030 and approach 800 million tonnes by 2050, according to the energy executives, and LNG is growing at more than 3 percent annually, making it the fastest-growing fuel among non-renewables, according to their data.

Building for a bigger world

The confidence in Doha was backed by construction on a vast scale. QatarEnergy, under Saad al-Kaabi, is expanding LNG production and assembling a fleet expected to reach about 200 LNG carriers, one of the largest shipping expansions in energy history.

In the United States, ExxonMobil and QatarEnergy are partnering on a new 18 million MMBtu LNG facility, part of a wider North American build-out. Canadian LNG is entering the market, while new supply is emerging from Africa and South America.

These are substantial investments.

As al-Kaabi put it during the discussion: “The world cannot live without energy. People need to be prosperous, and nearly a billion people still do not have basic electricity. We cannot deprive them of growth.”

It is a framing shared across the panel. This is no longer a conversation about replacement, as one executive summed it up, “we are in a world of energy addition, not energy substitution.”

Europe and energy security

The Russia–Ukraine war remains a defining reference point. Europe’s sudden loss of Russian pipeline gas forced a dramatic pivot to LNG. Imports jumped from roughly 50 million tonnes a year to approximately 120 million tonnes, transforming Europe into a major LNG market almost overnight.

What began as crisis management has reshaped global gas flows. LNG delivered flexibility, security, and scale, and for investors, that restored confidence that LNG infrastructure could be strategic.

As new supply comes online, executives expect prices to ease. When that happens, Asian demand, currently constrained by cost, is expected to rebound sharply. Several Asian economies are also shifting from exporters to net importers as domestic reserves decline.

Oil’s quiet re-entry

Two years ago, oil was widely predicted to disappear from the energy mix by 2030. That narrative, too, has faded.

Oil demand has proven resilient, and even gas-focused producers are expanding oil portfolios. Qatar is actively seeking new oil opportunities and remains one of the world’s largest holders of exploration blocks.

Qatar Petroleum Refinery
A petroleum refinery of Qatar Petroleum stands near Umm Sa’id, Qatar. Qatar is ranked 16th in countries with the biggest oil reserves and 3rd in natural gas reserves [File: Sean Gallup/Getty Images]

The shift is pragmatic. The industry is no longer debating whether oil and gas will be needed, but how they can be supplied at the lowest possible cost and emissions intensity. Several executives noted that many former oil sceptics have quietly reversed course.

AI and the end of low demand

The most urgent driver of change is not geopolitics — it is artificial intelligence.

For nearly 20 years, global energy demand was relatively stable. That period has ended. AI-driven data centres are consuming electricity at a scale planners failed to anticipate. Individual facilities can require thousands of megawatts of constant power, running 24 hours a day, with no tolerance for interruption.

Executives described this moment as a decisive break with the past. After decades of flat demand, the system has entered what they call hyper-scaling mode.

This demand, they say, is inflexible. Data centres cannot wait for weather conditions. They require power that is reliable, dispatchable, and immediate.

When renewables need backup

No one on stage dismissed renewables. Shell’s Wael Sawan and TotalEnergies’ Patrick Pouyanne both stressed their central role in the future mix. But they were clear about limitations.

The executives viewed wind and solar as intermittent and argued that grids built for predictable generation are under growing stress. Recent blackouts and near-misses in highly renewable systems have exposed the consequences of imbalance.

“When the wind isn’t blowing and the sun isn’t shining,” one executive noted, “gas fills the gap.”

Gas turbines remain essential for grid stability. Nuclear takes decades to scale. Batteries are improving but remain limited. Hydrogen is promising, but not yet deployable at the pace required.

Gas, the industry argues, is the only option that can be built fast enough to meet the contemporary surge in demand.

AI: The friction points

But behind the power-hungry AI-driven confidence are real snag lines. Building energy infrastructure has become slower and more complex.

The executives pointed to permitting delays that stretch projects more than a decade. Water and grid connections are major bottlenecks. Skilled labour is in short supply. Community resistance is growing, driven by cost concerns and environmental pressure.

Executives were openly critical of policy frameworks they see as detached from operational reality. Overlapping and conflicting regulations, they argued, raise costs and delay supply.

“The market dictates what can be delivered,” one leader said, warning that governments risk choking the arteries of energy flow.

Sustainability, emissions and the social contract

The industry acknowledges that its future depends on emissions performance. Methane leakage, efficiency, manufacturing footprints, and transport emissions remain under scrutiny. Gas offers immediate reductions where it replaces coal – about 40 percent in power generation and 20 percent in marine fuels. Carbon capture and sequestration is increasingly integrated into new projects.

ExxonMobil’s Darren Woods emphasised the company’s push to be seen as a technology player — working on hydrogen, carbon capture, and new uses for hydrocarbons beyond combustion. They describe this approach as responsible energy addition.

Yet the tension remains. The current demand surge has pushed environmental scrutiny to the background, but executives know that window is temporary. The sustainability of gas in this new role is under intense scrutiny.

While it burns cleaner than coal, its emissions of CO2 and methane, along with the transport footprint of LNG, remain central to the climate debate. Industry leaders acknowledge that gas must evolve to maintain its social licence. The CEO of QatarEnergy emphasised delivering energy “in the most environmentally responsible manner”.

There is awareness that the current surge in demand has sidelined environmental concerns, but these questions will resurface forcefully once the immediate capacity crisis abates. The gas industry risks a fate similar to coal if it fails to accelerate its decarbonisation efforts through carbon capture, utilisation, and storage (CCUS), and the integration of low-carbon gases, such as hydrogen.

Inclusive not mutually exclusive

The dynamic with renewables and emerging technologies adds another layer of complexity. Executives recognise that, for many regions, building new infrastructure, renewables are the cheapest and easiest option.

The role of gas, therefore, is evolving from a baseload provider to a “complementary load-following role,” essential for balancing grids increasingly saturated with variable wind and solar power.

The advancement of battery storage technology also looms as a potential competitor for this grid-balancing role. The future energy mix is envisioned as abundant, accessible, reliable, and clean, but the path is uncertain.

Investments in hydrogen and ammonia are continuing, though with fluctuating levels of hype, indicating a sector in search of the next breakthrough.

The human connection

Strip away politics and technology, and the core driver is human. Roughly five billion people still consume far less energy than developed economies. To paraphrase QatarEnergy’s al-Kaabi: Prosperity requires power.

Removing energy poverty means adding supply – reliable, affordable supply – at unprecedented scale. That is the context in which the energy company executives are positioning gas: not as a bridge, but as a stabiliser. Energy producers are betting that global demand – supercharged by AI and economic ambition – will outpace the ability of renewables alone to carry the load.

They are building for a world that they say cannot afford shortages, blackouts, or theoretical purity. Gas, they believe, is not a bridge, but the foundation to weather the storm of demand.

And its future will be defined by a simple metric: Can the system deliver abundant, accessible, reliable, and progressively cleaner energy?

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In racist video depicting Obamas as apes, Trump makes it clear what comes next

Welcome to Black History Month, 2026 style.

President Trump posted a video Thursday to his social media site that contains animated images depicting former President Obama and First Lady Michelle Obama as apes.

The White House took down the post Friday, and after first calling it nothing more than a meme, they dubbed it a mistake by a staffer. Sure.

But while the justifiable outrage over this overt racism spins itself into a brief media circus (because we all know something else will come along is about three minutes), let’s look a bit deeper into why this video is more than an affront to everything America stands for, or should stand for, anyway.

It’s no accident that the images of the Obamas are embedded deep inside a video about voter fraud conspiracies from the 2020 election (which are untrue, if I need to say it again). This video is an escalation in the assault that is likely to come on voting rights and voting access in the midterms.

“Absolutely, there’s a connection to the vote,” Melina Abdullah told me Friday. She’s a professor at Cal State Los Angeles and co-founder of Black Lives Matter-LA.

“This is about more than just about the Obamas,” added Brian Levin, a professor Emeritus at California State University, San Bernardino, and founder of the Center for the Study of Hate and Extremism. “It’s about people that are (perceived as) undermining our elections and our democracy.”

I caught Levin the day after he turned in a chapter about authoritarianism for a new book, which happens to look at how discrimination and the imposition of social hierarchies ties in with power.

Let me summarize. Vulnerable groups are smashed down as dangerous and not fit to be full citizens, so a smaller group of elites can justify power by any means to protect society from these lowly and nasty influences.

Let me make that messaging even simpler: Black and brown people are bad and shouldn’t be allowed to participate in democracy because they don’t deserve the right.

How does that play out at the ballot box?

All that talk about voter identification and election integrity is really about stopping people from voting — people who legally have the right to vote. Those who are least likely to be able to obtain proof of citizenship — which might require a passport, or birth certificate along with the money and know-how to get such documents — are often Black or brown people. They are often also poor, or poorer, and therefore have less time and money to put into obtaining documents, and also live in urban areas where they share polling places.

Is it such a stretch to imagine some kind of federal oversight at those types of polling places, turning away — or simply intimidating away — legal voters who have long made up a strong block of the Democratic base?

Let’s hope that never happens. But the current undermining of the legitimacy of Black and brown voters is, said both Levin and Abdullah, systemic and concerning.

Trump’s latest video is “part of a floodgate of bigotry and conspiracy that relates to elections and immigrants and Black people and it’s important to condemn the manner in which these puzzle pieces are put together to label African Americans and immigrants as a threat to democracy with respect to the vote,” Levin said.

The premise of the video in question is that Democrats have engaged in a complicated and decades-long scheme to steal elections. It’s presented as a documentary, and the images of the Obamas have been weirdly inserted as almost a subliminal flash near the end.

If you’ve missed the white supremacist postings that have now become commonplace on official government communications such as those from the Departments of Labor and Homeland Security, let me assure you that Levin is right and this primate video is indeed part of a “firehose” of white nationalist rhetoric coming not just from Trump but from the federal government as a whole.

The Civil Rights Division of the U.S. Department of Justice, for example, has turned its focus toward punishing diversity, equity and inclusion. Just this week, another federal agency, the Equal Employment Opportunity Commission, began a probe against Nike for allegedly discriminating against white people in hiring.

“It has been not even a dog whistling, but a Xeroxing of the exact kind of terms that that I’ve been looking at on white supremacists and neo Nazi websites for decades,” Levin said.

It’s not my place or intent to warn Black people about racism, because that would be ludicrous and insulting, but I’ll warn the rest of us because in the end, authoritarianism targets everyone. This video is a clear statement that Trump’s vision of America is one in which every non-white group, every vulnerable group really, is a second class citizen.

“He’s enabling an entire group of people who want to take this country back to a time when rampant violent white supremacy was enabled in the law,” Abdullah said. “What they mean is recapturing an old school, oppressive racism that is pre-1965 pre-Voting Rights Act.”

That message, Levin said, has “a resonance with a decent part of his base,” and when fed ceaselessly into the system, can have violent outcomes.

Levin uses the example of when Trump tweeted during the protests over the killing of George Floyd, “When the looting starts, the shooting starts,” a phrase with a violent and racist history.

Levin said Black people have always been the primary targets of hate crimes in the United States, but after that tweet, it was some of the “worst days” for violence aimed by race.

“When a high transmitter, like a president, circulates imagery with regard to prejudice, it creates these stereotypes and conspiracy theories, which then are the groundwork for further conspiracy theories and aggression,” he added.

Abdullah said she worries that even if the voter crackdown isn’t officially sanctioned, those empowered conspiracy theorists will take action anyway.

“So the people who are so-called ‘monitoring,’ self-appointed monitors … this is who’s going to be pulling people out of voter lines, and so this is what he’s whipping up intentionally,” she said.

Keep your eye on the ball, folks, because the far-right Republicans running the show are laser-focused on it. The midterm elections have to go their way for them to remain in power.

The easiest way to ensure that outcome is to only allow voters who see things their way.

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Kid Rock to perform for the MAGA-sphere’s own Super Bowl halftime show

The official Super Bowl halftime show on Sunday will feature Bad Bunny, the Grammy winner for album of the year, at the height of his powers and influence. Those upset by his onstage comments about the dignity of Latinos and immigrants, however, can turn to a competing bill featuring Kid Rock and Gabby Barrett.

Rock, the perennial MAGA raconteur and country-rock singer, will perform for the far-right activist group Turning Point USA’s counterprogramming event streaming across the conservative mediasphere. Turning Point USA is the activist group founded by the late Charlie Kirk, who was killed last year at a speaking event in Utah.

“We plan to play great songs for folks who love America,” Rock said in a statement announcing the bill. “We’re approaching this show like David and Goliath. Competing with the pro football machine and a global pop superstar is almost impossible … or is it?”

“He’s said he’s having a dance party, wearing a dress and singing in Spanish? Cool. We plan to play great songs for folks who love America,” Rock said, in an overt jab at the actual Super Bowl halftime show headliner.

Veteran country acts Lee Brice and Brantley Gilbert and Barrett, an “American Idol” alum with a 2019 Hot 100 hit in “I Hope,” will also perform.

While Rock’s right-wing politics have largely eclipsed his musical relevance in 2026, he’s recently tried to position himself as a power broker for MAGA-friendly concerts with just enough plausible appeal for more neutral country and rock fans. His planned 2026 touring festival, Rock the Country, is set to feature Blake Shelton, recent Grammy winner Jelly Roll, Creed and Miranda Lambert, but lost Ludacris and Morgan Wade following blowback from fans.

When Bad Bunny was booked for the Super Bowl in October, House Speaker Mike Johnson (R-La.) said, “I didn’t even know who Bad Bunny was. But it sounds like a terrible decision, in my view, from what I’m hearing. It sounds like he’s not someone who appeals to a broader audience.”

“There are so many eyes on the Super Bowl — a lot of young, impressionable children. And, in my view, you would have Lee Greenwood, or role models, doing that. Not somebody like this, ” he added.

President Trump said a bill featuring the Grammy-winning Puerto Rican superstar — and the famously anti-Trump punk band Green Day — was part of the reason he would not attend the game this year. “I’m anti-them. I think it’s a terrible choice,” he said. “All it does is sow hatred. Terrible.”

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‘No one power’ can solve global problems, says UN chief as Trump veers away | United Nations News

United Nations chief Antonio Guterres appears to point at Trump as critics say his ‘Board of Peace’ aims to replace UN.

United Nations Secretary-General Antonio Guterres has warned that international “cooperation is eroding” in the world, during a media briefing where he took aim at one – maybe two – powerful countries undermining efforts to solve global problems collectively.

In his annual address as secretary-general, where he outlined priorities for the UN, Guterres said on Thursday that the world body stood ready to help members do more to address their most pressing issues, including the climate catastrophe, inequality, conflict and the rising influence of technology companies.

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But he warned that “global problems will not be solved by one power calling the shots,” in apparent reference to United States President Donald Trump’s administration and his moves to abandon much of the UN system, while also impelling countries to join his newly-created “Board of Peace”.

Guterres went on to say that “two powers” would also not solve key problems by “carving the world into rival spheres of influence”, in what appeared to be a reference to China and its growing role in global affairs.

Guterres, who will step down from his position at the end of the year, underscored the UN’s ongoing commitment to international law amid concerns that treaties, which countries have abided by for decades, are coming undone.

Amid Israel’s genocidal war on Gaza and the brazen abduction of Venezuela’s President Nicolas Maduro by US forces, the UN chief warned that international law is being “trampled” and “multilateral institutions are under assault on many fronts.”

But, he added, the UN was still “pushing for peace – just and sustainable peace rooted in international law”.

Beginning in his first term as US President, Trump sought to end his country’s formal participation in many aspects of the UN system, while also eager to wield influence over key decision-making bodies, including through the use of the US veto in the UN’s powerful Security Council.

Trump’s current administration has also imposed sanctions on UN Special Rapporteur for Palestine Francesca Albanese and threatened to sanction negotiators involved in UN talks on shipping pollution at the International Maritime Organization.

The US leader’s actions have drawn criticism.

Brazilian President Luiz Inacio “Lula” da Silva earlier this month accused Trump of wanting to create “a new UN”.

Lula made his comment just days after Trump launched his “Board of Peace” initiative at the World Economic Forum in Davos, Switzerland.

While more than two dozen countries in the Middle East, Africa, Asia, Latin America and Europe have signed up as founding members of the peace board, several major nations, including France, have turned down invitations to join, and Canada has been excluded.

France said the Trump-led peace board “goes beyond the framework of Gaza and raises serious questions, in particular with respect to the principles and structure of the United Nations, which cannot be called into question”.

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Bangladesh election: Is the military still a power behind the scenes? | Bangladesh Election 2026

In Dhaka’s political chatter, one word often keeps resurfacing when people debate who really holds the reins of the country: “Kochukhet”.

The neighbourhood that houses key military installations has, in recent public discussions, become shorthand for the cantonment’s influence over civilian matters, including politics.

Bangladesh is weeks away from a national election on February 12, the first since the 2024 uprising that ended then Prime Minister Sheikh Hasina’s long rule and ushered in an interim administration led by Nobel laureate Muhammad Yunus.

The army is not vying for electoral power. But it has become central to the voting climate as the most visible guarantor of public order, with the police still weakened in morale and capacity after the upheaval of 2024, and with the country still reckoning with a “security apparatus” that watchdogs and official inquiries say was used to shape political outcomes under Hasina.

For nearly a year and a half now, soldiers have policed the streets of Bangladesh, operating under an order that grants them magisterial powers in support of law and order. On election duty, the deployment will scale up further: Officials have said as many as 100,000 troops are expected nationwide, and proposed changes to election rules would formally list the armed forces among the poll’s “law-enforcing agencies”.

Bangladesh, a nation of more than 170 million wedged between India and Myanmar, has repeatedly seen political transitions hijacked by coups, counter-coups and military rule, a past that still shapes how Bangladeshis read the present.  Analysts say that the army today is not positioned for an overt takeover, but it remains a decisive power centre: an institution embedded across the state, able to narrow civilian choices through its security role, intelligence networks and footprint inside government.

Bangladesh's Chief of Army Staff General Waker-uz-Zaman gestures during an interview with Reuters at his office in the Bangladesh Army Headquarters, in Dhaka, Bangladesh, September 23, 2024. REUTERS/Mohammad Ponir Hossain
Bangladesh’s Chief of Army Staff General Waker-uz-Zaman, seen here during an interview with Reuters at his office in the Bangladesh Army Headquarters, in Dhaka, Bangladesh, September 23, 2024 [Mohammad Ponir Hossain/ Reuters]

The military’s role now

Thomas Kean, the International Crisis Group’s senior consultant on Bangladesh and Myanmar, said the army has been “backstopping the interim government” not only politically but also “through day-to-day security amid police weakness”.

He said the institution is eager to see a transition to an elected government so the country returns to a firmer constitutional footing and so troops can “return to their barracks”.

“There are different factions and views within the army, but overall I would say that the army wants to see the election take place as smoothly as possible,” Kean told Al Jazeera.

Kean argued that if the army chief, General Waker-uz-Zaman, and the military “had wanted to take power, they could have done so when the political order collapsed on August 5”, the day Hasina fled to India amid a popular student-led revolt. But the military chose not to, he said, in part because it had learned from the fallout of past experiments with its direct political control.

Asif Shahan, a political analyst and professor at Dhaka University, said the military was aware that a takeover would have also jeopardised key interests, including Bangladesh’s United Nations peacekeeping deployments, which carry both financial benefits and reputational weight for the armed forces. Bangladesh has for decades been one of the biggest suppliers to UN peacekeeping missions, and receives between $100m and $500m a year in payouts and equipment reimbursements for these services.

But Shahan argues that the military remains “an important political actor”. Today, he said, its influence is “less about overt intervention than the institutional weight it carries through the security and intelligence apparatus”.

He also pointed to what he called the army’s “corporate” footprint. That footprint spans involvement in major state infrastructure projects, the military’s own business conglomerate, and the presence of serving and retired officers across commercial and state bodies.

Shahan said the last Hasina government “gave them a share of the pie”, leaving “a kind of culture of corruption … ingrained”. He suggested that this could translate into informal pressure on whoever governs next to do the same, and anxieties inside the force over whether “the facilities and privileges” it has accumulated will shrink.

On the election itself, Shahan too said that the possibility of the army trying to gain overt control was “very low” unless there is such a major law and order breakdown that there is public demand for the army to step in as the “only source of stability”,

Others who track the military closely agreed. Rajib Hossain, a former army officer and author of the best-selling book Commando, said he “strongly believes” the army will avoid partisan involvement for its own sake. “The army will play a neutral role during this election,” he said. “What we’ve observed on the ground over the past year and a half, there is no record of the army acting in a partisan way.”

But, he added, pressure on the institution has been intense since 2024. “Internally, there’s an understanding that if the army fails to act neutrally, it could lose even the public credibility it still has,” he said.

Mustafa Kamal Rusho, a retired brigadier general at the Osmani Centre for Peace and Security Studies, also told Al Jazeera that the military does not have “any clear intent” to influence politics, though “it still remains a critical power base”.

That leverage was clearest during the 2024 uprising, Rusho said, when Bangladesh’s political crisis reached a point that many Bangladeshis and international watchdogs viewed the military’s posture as decisive. “If the military did not take the stand that it took, then there would have been more bloodshed,” he said.

With protests escalating, the military refused to fully enforce Hasina’s curfew orders and decided troops would not fire on civilians. It enabled Hasina to flee to India on an air force plane, and the army chief then announced an interim government would be formed.

In an Al Jazeera documentary on the uprising last year, Waker-uz-Zaman, who is related to Hasina and was appointed less than two months before her collapse, also stressed that his forces would not turn their guns on civilians. “We don’t shoot at civilians. It’s not in our culture … So we did not intervene,” he said.

In the same interview, he added: “We believe that the military should not engage in politics … It’s not our cup of tea.”

President Hussain Muhammad Ershad of Bangladesh meeting British PM Thatcher at Downing St. London. February 16, 1989 REUTERS/Wendy Schwegmann 89298049 BANGLADESH ENGLAND HANDSHAKE LONDON PRESIDENTIAL PRIME MINISTER SMILING WAIST UP; Thatcher, Margaret; Ershad, Hussain Hussain Muhammad Ershad Margaret Thatcher DISCLAIMER: The image is presented in its original, uncropped, and untoned state. Due to the age and historical nature of the image, we recommend verifying all associated metadata, which was transferred from the index stored by the Bettmann Archives, and may be truncated.
Bangladesh’s military leader and president, Hussain Muhammad Ershad, meeting British PM Thatcher at Downing St. London on February 16, 1989 [Wendy Schwegmann/ Reuters]

When the military ruled

That hasn’t always been the military’s position.

After the 1975 assassination of Sheikh Mujibur Rahman, Bangladesh’s founding leader and then-president, by a group of military officers, the country entered a period marked by coups, counter-coups and military rule upheavals that reshaped the state and produced political forces that still dominate elections.

One of them was the Bangladesh Nationalist Party (BNP), founded by army general-turned-ruler Ziaur Rahman, who emerged as the country’s most powerful figure in the late 1970s before moving into civilian politics. Rahman was assassinated in 1981 in a failed coup attempt by another group of military officers. The BNP remains a key contender in the February 12 vote, now led by Rahman’s son, Tarique Rahman, who has returned to front-line politics after a long exile.

In 1982, then army chief Hussain Muhammad Ershad seized power and ruled for much of the 1980s. Writer and political historian Mohiuddin Ahmed has described Ershad’s takeover as coming only months after he publicly argued that “the army should be brought in to help run the country”.

Eventually, a pro-democracy movement led by Zia’s wife, Khaleda Zia, and Hasina, also Mujibur Rahman’s daughter, forced him from office. The BNP won a landmark election, and in 1991, Khaleda became the country’s first female prime minister.

Since then, Rusho said, the military’s influence “became more indirect”, though Bangladesh still saw an abortive May 1996 showdown when the then army chief, Lieutenant General Abu Saleh Mohammad Nasim, defied presidential orders, and troops loyal to him moved towards Dhaka. Nasim was arrested and removed from office.

A decade later, in 2007, the military in effect “fully backed” a caretaker government that was formed to replace Khaleda’s second administration, which had ruled between 2001 and 2006. That caretaker government was installed in January 2007 after a breakdown in the election process and escalating political violence. The International Crisis Group described the caretaker administration as “headed by technocrats but controlled by the military”, while then-army chief Moeen U Ahmed argued the political climate “was deteriorating very rapidly” and that the military’s intervention had “quickly ended” street violence.

It was only after 2009, when Hasina came back to power – her Awami League had first ruled between 1996 and 2001 – that the military became “subordinate to the civilian regime”, Rusho said.

Bangladeshi military force soldiers on armored vehicles patrol the streets of Dhaka, Bangladesh, Saturday, July 20, 2024. (AP Photo/Rajib Dhar)
Bangladeshi military force soldiers on armored vehicles patrol the streets of Dhaka, Bangladesh, Saturday, July 20, 2024 [Rajib Dhar/ AP Photo]

Blurred lines

But even though the military today insists that it does not want power, it has often drifted into the political terrain.

A major moment arrived just weeks after Hasina’s ouster, in September 2024, when General Zaman told the Reuters news agency he would back Yunus’s interim government “come what may”, while also floating a timeline for elections within 18 months. The interview, which critics described as something unprecedented for a serving army chief, placed the military close to the country’s central political debate.

Hossain, the former army officer and author, criticised the public nature of the intervention. “If he [Zaman] had discussed this after sitting with all the stakeholders … the interim [administration], political parties, protest leaders … and then gone to the media, that would be acceptable,” he said. “But here, he declared it unilaterally and blindsided the government from his position of power. He had no authority to do that.”

“You may say this is an extraordinary, transitional time and the military has a role to play,” Hossain added. “But then, why do we have an administration at all?”

Shahan, the Dhaka University professor, said Zaman “came very close” to crossing the line and explained it as a product of military institutional culture after August 5. “Military organisations … like to follow standing operating procedures, order, stability,” he said. But August 5, he added, was “a political rupture” that forced the army and the nation into uncertainty: about the interim government’s longevity, legitimacy and how it would deal with the military.

Those anxieties, Shahan said, likely pushed Zaman to speak. In principle, he said, it is reasonable for the army chief to say elections are needed for stability. But “when he set a specific timeline – within 18 months – that is beyond his role”, Shahan said. “It then appears as if he is dictating.”

Shahan added that the problem becomes sharper when that kind of specificity appears to respond to a party demand; he was referring to a time when only the Bangladesh Nationalist Party was repeatedly pushing for a vote timetable.

Eight months later, in May 2025, Zaman again weighed in, telling a high-level military gathering, according to local media reports, that his position had not changed and that the next national vote should be held by December 2025. After that, Faiz Ahmad Taiyeb, a special adviser to Yunus, wrote on Facebook that “the army can’t meddle in politics” and argued that the military chief had failed to maintain “jurisdictional correctness” by prescribing an election deadline.

Around the same period, rumours emerged suggesting that Yunus had considered resigning amid political discord.

FILE - Military personnel stand in front of a portrait of Prime Minister Sheikh Hasina in Dhaka, Bangladesh, on July 30, 2024, during a national day of mourning to remember the victims of recent deadly clashes. (AP Photo/Rajib Dhar, File)
Military personnel stand in front of a portrait of then Prime Minister Sheikh Hasina in Dhaka, Bangladesh, on July 30, 2024 [Rajib Dhar/ AP Photo]

The shadow Hasina left

Another reason that analysts say the military’s role is being debated so intensely now is because of Bangladesh’s recent wounds.

During Hasina’s 15-year rule, human rights organisations argued Bangladesh’s security apparatus was often used for political control. Human Rights Watch has described enforced disappearances as a “hallmark” of Hasina’s rule since 2009.

When the United States sanctioned the Rapid Action Battalion (RAB) in 2021 over allegations of extrajudicial killings, the US Department of the Treasury said, “These incidents target opposition party members, journalists, and human rights activists.” Critics argue that security institutions became central to governance, and questions about how that machinery was used are now part of the post-Hasina political settlement.

Hossain, the former officer, said the Hasina-era legacy still echoes inside the top brass. “If you look at the leadership, the general, five lieutenant generals, and some major generals and brigadier generals, a lot of them were part of Hasina’s apparatus,” he said, “aside from a handful of professional officers”.

report by Bangladesh’s Commission of Inquiry on Enforced Disappearances says disappearances were used as a “tool for political repression” and that the practice “reached alarming levels during key political flashpoints”, including in the run-up to elections in 2014, 2018 and 2024. The commission said it verified 1,569 cases of enforced disappearance.

In cases where political affiliation could be confirmed, the Jamaat-e-Islami and its student wing accounted for about 75 percent of victims, while the BNP and its affiliated groups accounted for about 22 percent. Among those “still missing or dead”, the BNP and its allies accounted for about 68 percent, while the Jamaat and its affiliates accounted for about 22 percent, the report said.

The commission also noted that the Directorate General of Forces Intelligence (DGFI), the military-run intelligence agency, had been “accused of manipulating domestic politics and interfering in the 2014 parliamentary elections”, and argued that perceived alignment with the Awami League compromised its neutrality.

Several senior military officers, including 15 in service, are now facing trial in a civilian tribunal on charges of enforced disappearances, murders and custodial tortures.

The proceedings have become a delicate issue in civil-military relations, as cases against serving officers in civilian courts are rare in Bangladesh’s history.

Former army chief Iqbal Karim Bhuiyan wrote on Facebook that local media had reported disagreements over the “trial process” for officers accused of crimes against humanity and that those disagreements had created what he described as a “chasm” between the interim government and the army’s top leadership.

Hossain, the former officer, however, said he disagreed. “These trials are not defaming the army,” Hossain said. “Rather, they are a kind of redemption for the institution to recover from the stigma created by the crimes of some self-serving officers.”

He argued that accountability could motivate younger officers and reduce the risk of the military being politically exploited again. Rusho, the retired brigadier general, also argued that politicisation under Hasina was driven less by formal doctrine than by executive control over careers.

“Promotions, important postings, placements … they were influenced considerably by the executive branch,” he said. “When you influence postings, some people’s loyalty often gets diverted to political masters, [and] it affects … professionalism and capability.”

Kean of the International Crisis Group said the real test for Bangladesh now would be whether it can stop the security state from being reabsorbed into partisan politics.

“The military is going to remain a powerful institution in Bangladesh, with a level of influence in domestic politics,” he said. “One hopes that the lesson of the past 18 months is that the military is better to support civilian administrations rather than be in power directly – that it can be a stabilising force, and one that is ultimately committed to democracy and civilian leadership.”

But, he added, the onus to do that isn’t only on the generals. Civilian politicians, too, needed to resist the temptation to misuse the military. That alone, he suggested, would help Bangladesh keep the army in the barracks and politicians accountable to the people, not to men in khakis.

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AI In Finance: The Power Of Agency

A new wave of agentic AI systems is reshaping banking operations. Unlike typical large language model (LLM) applications that answer prompts, agentic systems execute sequences of actions: querying systems, retrieving documents, transforming data, and producing outputs. Quietly, these autonomous tools are beginning to redefine the banking technology landscape.

The potential impact is sufficiently profound that McKinsey is now framing agentic AI as a structural shift in banking rather than a side bet; the consultant estimates that AI adoption—including agentic AI systems—could reduce banks’ aggregate cost base by 15% to 20%. Bain, in its 2025 report, “State of the Art of Agentic AI Transformation Technology Report,” cites that in the first half of 2025, “tech-forward enterprises” turned their focus from automating tasks to redesigning entire workflows, as early adopters get to grips with how agents—or the AI systems that independently handle multi-step tasks by coordinating tools, data and actions to meet specified objectives—may coexist safely and collaborate productively. Yet progress is limited.

Although agentic AI may hold promise, definitional confusion and implementation hurdles mean very few true use cases exist, cautions Armand Angeli, AI and automation specialist and vice president, Digital Transformation and AI Group, at DFCG, the French network of CFOs.

“Financial institutions still struggle to understand and implement agentic AI properly,” he says, “and are jumping too fast into these new tools without addressing the fundamentals of data quality, clear processes, skillsets, and ROI [return-on-investment]. There’s a high degree of confusion about what agentic AI is, with people equating AI assistants or RPA [robotic process automation] with true agents. Only a very small number are actually building and scaling agentic effectively.”

Angeli also contends that people overuse the word “agentic.”

“GenAI is mistaken for agentic because it seems intelligent or retrieves data,” he says. “But GenAI is relatively simple and doesn’t self-correct, unlike agents with memory and feedback loops for auto-healing and learning. Building these agents requires mapping complex processes and understanding where the data is, which can take months and thousands of euros in costs. It’s a fine line between a simple agent or RPA and true agentic AI.”

Even though the tools themselves are complex, their appeal is straightforward and powerful.

Where Agentic AI Is Actually Being Deployed

Whether LLM-powered information retrieval agents, single-task agentic workflows, cross-system agentic workflow orchestration, or multi-agent constellations, true agentic AI can perform complex tasks independently within defined boundaries, all with limited human intervention.

BBVA Peru’s Blue Buddy agentic AI assistant is an example. The “lightning-fast knowledge synthesizer” autonomously navigates the commercial bank’s vast ecosystem of unstructured data—product manuals, regulations, and complex processes—to deliver precise, contextualized answers in real time and in a risk managed way.

“We’re not just exploring AI; we’re putting it to work on the front lines of our business,” says Benjamín Chávez, head of engineering at BBVA Peru.

UK-based consultant Capco recently deployed an agentic AI assistant at a global investment bank to support junior bankers in producing credit memos, company profiles, and peer benchmarks.

“Previously, analysts could spend five to ten hours a week on a single memo, largely on manual data gathering, formatting, and rewriting,” says Charlotte Byrne, Capco’s UK GenAI lead. “The new workflow allows a banker to request, for example, ‘Draft a credit memo for a corporate client with the latest financials and peers.’ The agent delivers a first draft within minutes.”

The client bank ultimately saw a 50% reduction “in time spent on the mechanical parts of the process.”

Wells Fargo recently announced a collaboration with Google Cloud that will deploy agentic AI at scale via 2,000 employees, with further plans for bank-wide rollout. The tools Google Cloud will supply synthesize information, automate workflows, and boost agility; key applications include triaging foreign exchange post-trade inquiries and navigating guidelines in corporate and investment banking. In Greece, Eurobank is working with EY to develop a scalable, automated system that embeds agentic AI into core banking operations.

In each case, the goal is to replace high-volume, repetitive workflows. But implementation is not without its challenges.

During Capco’s recent rollout, while AI algorithms themselves did not present an issue, the client bank’s internal requirements complicated the process. “We had to use guard-railed, bank-approved models,” says Byrne, “which meant investing heavily in prompt design, retrieval quality, and validation. Governance also added long lead times; simply getting proof-of-concept approvals took nearly two months, by which point the model landscape had already shifted again.”

Engagement was another challenge. Asking already stretched teams to dedicate extra hours to testing is often one of the practical challenges of implementing agentic AI, and adoption suffers if solutions are built too far from the day-to-day workflow. And while banks see the potential of autonomous agents, Byrne observes, few currently have the infrastructure to use them effectively and safely, with poor data and legacy systems the key obstacles.

“Most AI failures in banking have nothing to do with the models themselves,” she says; many banks still lack clean APIs into core systems or struggle with slow, fragmented approval cycles that are incompatible with iterative AI development.

Scaling The Challenge

Scaling GenAI from “lab to regulated banking environment” is no small feat, BBVA’s Chávez concedes. Operationally, BBVA’s major challenge was transforming vast amounts of unstructured data into a clean, corporate-grade knowledge base.

“We had to implement rigorous data governance to ensure the agent’s ‘brain’ was fueled only with accurate, up-to-date information,” he notes.

 Chang Li, chief manager, Nippon Life Insurance Company
Chang Li, chief manager, Nippon Life Insurance

And while agentic AI has generated significant enthusiasm, there are, as yet, only isolated examples of success, and tangible value across financial services remains limited. Ambiguous strategic objectives, organizational complexity, and the challenge of replicating interpersonal dynamics represent critical barriers, says Chang Li, chief manager, Nippon Life Insurance Company, director of the Fintech Association of Japan, and ambassador for FinCity.Tokyo.

“First, we must understand what we’re looking to achieve, whether that’s better customer communication or cost cutting,” she says. But defining strategy and purpose is difficult for any one division alone; it requires collaboration between departments, Li notes, since bureaucratic structures often prevent meaningful conversations between the correct stakeholders.

Are there concerns about agentic AI taking over from humans in some finance functions? That may no longer be the right question, Li says: “I think it’s more useful to think about the conditions under which the first human ‘channel’ might be taken over by AI and consider how companies should prepare for that.”

The necessary degree of trust is not yet in place for agentic AI to truly replace humans in banking, however. “Currently, agentic AI is only feasible for the information collection step,” says Li, with an agentic contract still “a few years” off.

For BBVA, building trust into agentic AI systems is foundational. “In the financial sector, trust is our most valuable currency,” says Chávez. The bank proactively aligns with demanding emerging standards, including frameworks from Europe and the US, in addition to Peruvian regulations.

“This ethical stance has directly shaped our strategic roadmap,” he notes. “We’ve prioritized decision support use cases over autonomous decision-making. We started where AI assists and humans validate. It’s the most responsible way to deliver immediate value while mitigating risks and building the trust needed for deeper automation.”

In an era of falling revenues, financial institutions may find the productivity gains they need from agentic AI, McKinsey suggests, predicting that early adopters will secure a lasting advantage over slow movers: but not overnight.

McKinsey anticipates a breakout agentic business model will emerge in the next three to five years and is urging bank executives to focus on a small number of high‑value workflows, such as frontline sales, account planning, and financial close processing; define clear guardrails for agent autonomy; and invest early in data quality and risk controls to ensure pilots can scale safely: all with “surgical precision” in identifying the potential earnings impact.

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