Macquarie Group Minimizes U.S. Green Energy Exposure Amid Policy Shifts

Macquarie Group (OTC: MQBKY), Australia’s top investment bank, downplayed its exposure to the U.S. green energy sector after recent executive orders from President Donald Trump disrupted the industry. The bank, which generates a third of its profit in the Americas, reported a flat third-quarter profit.

CEO Shemara Wikramanayake stated that Macquarie has minimal U.S. green energy investments, with existing assets largely unaffected by policy changes. Some assets benefit from tax credits, which remain unchanged, while others rely on disbursements that have been legally committed. The bank has no exposure to U.S. offshore wind projects, a sector impacted by Trump’s freeze on new permits.

Macquarie’s review of its U.S. operations aligns with global trends as companies assess the shifting regulatory landscape, including tariffs on steel and aluminum introduced this week.

The bank’s quarterly profit remained unchanged year-over-year, with growth in asset management, capital markets, and Australian retail banking offset by declining earnings in its energy trading division. Macquarie, one of North America's largest gas marketers, saw a slowdown in energy trading profits as market volatility subsided following extreme weather events and geopolitical disruptions.

Despite the mixed results, Macquarie shares rose 2.4% by midsession, outperforming the broader Australian market’s 0.25% gain. The bank did not disclose specific financial figures or provide forward guidance in its limited quarterly update.