The financial sector appears to be getting cold feet about efforts to curb the effects of climate change. Five of the six largest banks in the United States have pulled out of the Net-Zero Banking Alliance (NZBA) since Dec. 6th, according to a recent report by Reuters.

From Goldman Sachs to Morgan Stanley, the largest banks in the U.S. announced departures from an international climate group in recent weeks.

Then nation's largest bank JPMorgan said Tuesday its leaving the Net Zero Banking Alliance, completing a mass exodus of Wall Street financial giants from the key climate group.