Campaigners hope move will force commercial banks to rethink holding assets linked to the fossil fuel

Climate campaigners have declared a victory after the Bank of England said it would no longer accept bonds linked to one of the most polluting industries on the planet for key loan arrangements.

The ban, which comes into force in October, marks a fresh crackdown on thermal coal, which is burned in power plants to create electricity, and has long been a target of green policy activists.

Party manifesto pledged to honour existing North Sea exploration licences but not issue new ones

Andy Burnham risks his first confrontation with Labour MPs if he announces new oil and gas drilling licences when he becomes prime minister, insiders have warned.

Speculation is rife that Burnham will unveil fresh plans for drilling in the North Sea after he is installed in Downing Street.