U.S. banks Citigroup and Bank of America said on Tuesday they are exiting the Net-Zero Banking Alliance (NZBA), a group of global banks that have pledged to curb greenhouse gas emissions. They follow Wells Fargo and Goldman Sachs,

Citigroup Inc. said it’s leaving the Net-Zero Banking Alliance, becoming the third big US lender to leave the climate-finance coalition in the past month.

US banks are under pressure from Republican lawmakers to distance themselves from industry groups that support reducing carbon emissions.

The largest US financial institutions are under increasing pressure from Republican lawmakers to distance themselves from industry groups that support reducing carbon emissions.

U.S. bank Citigroup said on Tuesday it is exiting the Net-Zero Banking Alliance (NZBA), a group of global banks that have pledged to curb greenhouse gas emissions. This move makes Citigroup the third major U.