BP is to end its 26-year sponsorship of the Tate next year.
The oil firm blamed the “extremely challenging business environment” rather than years of protest against the sponsorship, the Independent reported.
Last summer protesters spent 25 hours scrawling climate change messages in charcoal on the floor of Tate Modern’s Turbine Hall. In November activists occupied part of Tate Britain, where they started to tattoo each other with the numbers of the CO2 concentrations in the atmosphere in the year they were born.
The art collective Liberate Tate, which staged the protests, said thousands of people had called on Tate to end its contract with BP on ethical grounds.