Green investment bank 'no longer required by law to invest in green projects'

Ministers insists bank's green mission will be protected as they remove the clause that ensures it invests in renewable power and other green projects

The bank set up by the government to to fund green infrastructure and cited frequently by David Cameron as evidence of the UK's leadership on climate change will no longer be required by law to invest in green schemes, under moves put forward by ministers.

Campaigners said that changes proposed on Tuesday by small business minister Anna Soubry effectively delete the clause enshrined in legislation that gives the green investment bank its green purpose.