Neil Young has forced Barclaycard to withdraw as sponsor of the British Summer Time show he is set to perform in Hyde Park next summer alongside Bob Dylan, the singer said in a blog post.
The fate of the event, scheduled for Friday 12 July, was in limbo after Young wrote on his website, Neil Young Archives, on Monday that Barclaycard sponsoring the event "doesn’t work for me", due to the company's status as a "fossil fuel funding entity".
Young added: "I believe in science. I worry about the climate crisis and am deeply concerned about its massive global ramifications." The post has since been removed.
A spokesperson for AEG, the promoter of the show, said: "Neil Young has made the decision to move away from the Barclaycard presents British Summer Time concert series.
"Neil Young and Bob Dylan will play a stand-alone concert in Hyde Park on the same date, 12th July. All tickets will remain valid. The Barclaycard presents British Summer Time concert series remains unaffected and will continue as normal with more headliners to be announced in early 2019. "
Barclaycard has declined to comment on the story.
The BST series also includes dates headlined by Robbie Williams and Florence & the Machine, and these events will not be affected.
Barclaycard has sponsored BST since it began in 2013. BST replaced Wireless festival, which had previously taken place in Hyde Park.
This article was updated on 17 December to include AEG's statement.