Prince William charity uses bank that is one of world’s biggest fossil fuel backers

Royal Foundation also places investments in trust that owns shares in firms that buy palm oil, investigation reveals

The charity founded by the Duke of Cambridge, who launched the Earthshot prize, keeps its investments in a bank that is one of the world's biggest backers of fossil fuels, according to an investigation.

The Royal Foundation, the charity set up by the Cambridges, also places more than half of its investments in a fund - advertised as green - that owns shares in large food companies. Some of these firms buy palm oil from companies linked to deforestation, the investigation by the Associated Press (AP) claimed.