Greenshift Corporation (GERS)

[Harry Winston]

Fact is: Harry, you are taking too much credit for the good news regarding GERS Stock.

Perhaps, but you and other people aren't giving me enough credit for being the first person on this board to announce, with documentation, the tax cut for the 2017 production of biodiesel that was included in this year's Congressional spending bill, according to a February 9, 2018 Washington Post story, which is quoted below. This is very good news for Greenshift.

The package the Senate brought to the House included tax provisions meant to encourage large-scale geothermal generation, offshore wind energy, energy storage and waste heat to power, in addition to a new financing mechanism for carbon capture called a private activity bond, according to Senate staffers.

It would also have given renewable energy projects access to a legal entity long used by oil and gas companies called a master limited partnership, which lets builders of pipelines, refineries and other energy infrastructure lighten their tax load.

But in leadership negotiations, the office of House Speaker Paul Ryan (R-Wis.) pushed back against those tax perks, the staffers say. House Ways and Means Committee Chairman Kevin Brady (R-Tex.) opposed the use of the budget deal as a vehicle for new tax breaks, and the speaker supported his position, a Republican congressional staffer said.

Despite not getting all they sought, carbon-capture advocates were thrilled with the tax incentive they did secure. "I'm very pleased with what they got done," Julio Friedmann, who formerly led carbon-capture efforts at the Energy Department. "We'll see if there is opportunity to do more in the future."

And Ryan did give biodiesel producers half of what they asked for: a tax break that applies to fuel produced last year.

"And [Speaker of the House Paul] Ryan did give biodiesel producers half of what they asked for: a tax break that applies to fuel produced last year."

I also documented this tax cut with quotes from other reputable news stories, and yes, I was the first person on this board to mention it with documentation, as I did again just now.