Plans for a cruise terminal in south-east London, on the Thames were withdrawn by developers.
Permission for Enderby Wharf scheme, Greenwich was granted in 2015. However, Greenwich Council ended the backing over pollution concerns.
Campaigners claimed that a ship docked at the cruise port would have emitted the amount of pollution equal to the one by 600 lorries.
The firm behind the project, Morgan Stanley, said that it had "listened to comments" from community.
In a letter seen by Local Democracy Reporting Service, the US bank revealed that new proposals for the area "were in the pipeline and would no longer feature a port."
The plans for the cruise terminal would have allowed big cruise ships to keep engines running to power themselves while they were docked.
Originally, Greenwich Council had backed the terminal project but called for new proposal after growing numbers of people, including London's mayor, spoke out against the plan.
In a letter to the council the US bank said any proposals "would no longer include a cruise terminal at Enderby Wharf" and that it was exploring "options to meet the needs of the council and the local community."