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.

Some of the biggest lenders in the US are beating a retreat from a UN-backed bank climate group in the final weeks before a new Trump administration prepares to take office.

Citigroup Inc and Bank of America Corp say they’re leaving a global climate-banking group, becoming the latest Wall Street lenders to exit the coalition in the past month.

US banks are under 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.