Portfolio Earth claims financiers are ‘co-responsible’ for propping up the plastic packaging industry, one of the main contributors to harmful plastic waste

The move aims to help businesses switch to low carbon fuels such as hydrogen, biomass, geothermal power and repurposed waste

The University of Edinburgh Business School warns that some domestic banks in countries with strict environmental policies are simply shifting their fossil fuel spending abroad

The money will be used to equip the scientists, universities and research institutes across the UK with state-of-the-art technology