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Puerto Rico Elects New Governor

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Greenbriar Sustainable Living announced that Jenniffer Gonzalez Colón has won Puerto Rico's gubernatorial election, defeating her closest opponent by nearly 10% with 90% of votes counted. Gonzalez Colón, who previously served as US Federal Resident Commissioner in Congress, ran on a platform focusing on energy resilience and power grid reconstruction. Luis Baco, Greenbriar's Chief Counsel and future President in Puerto Rico, was Gonzalez Colón's former Chief of Staff. The PR notes that US Solar and Wind tax credits maintain full value (30-50%) until 2032, reducing to 26% through 2035.

Greenbriar Sustainable Living ha annunciato che Jenniffer Gonzalez Colón ha vinto le elezioni per la carica di governatore di Porto Rico, sconfiggendo il suo avversario più vicino di quasi il 10% con il 90% dei voti conteggiati. Gonzalez Colón, che in precedenza ha ricoperto il ruolo di Commissaria Federale degli Stati Uniti al Congresso, ha basato la sua campagna su una piattaforma incentrata sulla resilienza energetica e sulla ricostruzione della rete elettrica. Luis Baco, il legale capo di Greenbriar e futuro Presidente a Porto Rico, è stato il precedente Capo dello Staff di Gonzalez Colón. Si segnala che i crediti d'imposta statunitensi per solare ed eolico mantengono il loro valore completo (30-50%) fino al 2032, riducendosi al 26% fino al 2035.

Greenbriar Sustainable Living anunció que Jenniffer Gonzalez Colón ha ganado las elecciones gubernamentales de Puerto Rico, derrotando a su oponente más cercano por casi el 10% con el 90% de los votos contados. Gonzalez Colón, quien anteriormente se desempeñó como Comisionada Federal de EE. UU. en el Congreso, se presentó con una plataforma centrada en la resiliencia energética y la reconstrucción de la red eléctrica. Luis Baco, abogado principal de Greenbriar y futuro Presidente en Puerto Rico, fue el anterior Jefe de Personal de Gonzalez Colón. Se observa que los créditos fiscales de EE. UU. para energía solar y eólica mantienen su valor completo (30-50%) hasta 2032, reduciéndose al 26% hasta 2035.

Greenbriar Sustainable Living은 Jenniffer Gonzalez Colón이 푸에르토리코 주지사 선거에서 가장 가까운 경쟁자를 거의 10% 차이로 이겼다고 발표했습니다. 현재 90%의 투표가 집계된 상태입니다. Gonzalez Colón은 이전에 미국 의회에서 연방 커미셔너로 근무했으며, 에너지 회복력 및 전력망 재구성을 중심으로 한 플랫폼을 바탕으로 선거에 출마했습니다. Greenbriar의 수석 변호사이자 푸에르토리코의 차기 대통령인 Luis Baco는 Gonzalez Colón의 전 비서실장이었습니다. 미국에서의 태양광 및 풍력 세금 공제가 2032년까지 완전한 가치(30-50%)를 유지하며, 2035년까지는 26%로 줄어들 것이라고 보도했습니다.

Greenbriar Sustainable Living a annoncé que Jenniffer Gonzalez Colón a remporté les élections gouvernorales de Porto Rico, battant son concurrent le plus proche de près de 10% avec 90% des votes comptés. Gonzalez Colón, qui a précédemment été Commissaire Fédéral des États-Unis au Congrès, a mené une campagne axée sur la résilience énergétique et la reconstruction du réseau électrique. Luis Baco, conseiller principal de Greenbriar et futur président à Porto Rico, était l'ancien chef de cabinet de Gonzalez Colón. Il est à noter que les crédits d'impôt américains pour l'énergie solaire et éolienne conservent leur pleine valeur (30-50%) jusqu'en 2032, avant de réduire à 26% jusqu'en 2035.

Greenbriar Sustainable Living gab bekannt, dass Jenniffer Gonzalez Colón die Gouverneurswahlen in Puerto Rico gewonnen hat, wobei sie ihren nächstgelegenen Gegner mit fast 10% Unterschied besiegte, während 90% der Stimmen ausgezählt wurden. Gonzalez Colón, die zuvor als US-Bundeskommissarin im Kongress tätig war, trat mit einer Plattform an, die sich auf EnergiResilienz und den Wiederaufbau des Stromnetzes konzentrierte. Luis Baco, der Chefjurist von Greenbriar und zukünftiger Präsident in Puerto Rico, war der frühere Chef von Gonzalez Colón. Es wird darauf hingewiesen, dass die US-Steuergutschriften für Solar- und Windenergie bis 2032 ihren vollen Wert (30-50%) behalten, bevor sie bis 2035 auf 26% sinken.

Positive
  • Governor-elect's platform prioritizes energy resilience and power grid reconstruction, potentially benefiting Greenbriar's operations
  • Company's Chief Counsel has direct connection to new Governor as former Chief of Staff
  • Favorable renewable energy tax credits (30-50%) confirmed until 2032
Negative
  • None.

Scottsdale, Arizona--(Newsfile Corp. - November 6, 2024) - Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC Pink: GEBRF) ("Greenbriar" or the "Company") is pleased to announce that Puerto Rico's current US Federal Resident Commissioner in Congress, Jenniffer Gonzalez Colón, has won yesterday's election to become the next Governor of Puerto Rico. Luis Baco, JD, LLM, Chief Counsel for Greenbriar in Puerto Rico and the future President of Greenbriar in Puerto Rico states:

"With almost 90% of the vote counted, she defeated her closest opponent by nearly 10% of the votes cast. Gonzalez Colón ran on a platform that prioritized energy resilience and the reconstruction of Puerto Rico's obsolete power grid. Luis Baco, who is chief counsel to Greenbriar, is a longtime friend of the new Governor and served as Gonzalez Colon's Chief of Staff during her first term as the Federal Resident Commissioner." (The elected federal member in Puerto Rico for US House of Representatives.)

US Solar and Wind tax credits run for their full value until 2032 (at between 30 to 50% depending on location and content) and reduce to 26% up to 2035. Tax credits for renewable energy have existed since 1997 and have repeatedly received over 80 to 90% bipartisan support from both parties.

Ms. Gonzalez is a life-long Republican with support of the new President-Elect. Ms. Gonzalez and the new President-Elect have full voting determination on selecting and/or replacing members of the FOMB.

About Greenbriar Sustainable Living:

Greenbriar is a developer of sustainable real estate and renewable energy. With long-term, high impact projects and led by a successful industry-recognized operating and development team, Greenbriar targets deep valued sustainable assets directed at accretive shareholder value.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jeffrey Ciachurski"

Jeffrey J. Ciachurski
Chief Executive Officer and Director
Ph.: +1 (949) 903-5906

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Market conditions could alter the projects of Greenbriar and such potential events like bad credit markets, worldwide economic depression, unforeseen regulatory hurdles or acts of God, could inhibit or prevent some or all of the Greenbriar projects from materializing or completing.

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities laws and United States securities laws (together, "forward-looking statements"). All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to this release. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget", "propose" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A (a copy of which is available under the Company's SEDAR profile at www.sedarplus.ca). The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229052

FAQ

Who won the 2024 Puerto Rico gubernatorial election affecting Greenbriar (GEBRF)?

Jenniffer Gonzalez Colón won the 2024 Puerto Rico gubernatorial election, defeating her closest opponent by nearly 10% with 90% of votes counted.

What are the US Solar and Wind tax credits affecting Greenbriar (GEBRF) through 2032?

The tax credits maintain full value between 30-50% (depending on location and content) until 2032, then reduce to 26% through 2035.

What is the connection between Greenbriar (GEBRF) and the new Puerto Rico Governor?

Greenbriar's Chief Counsel and future Puerto Rico President, Luis Baco, served as Chief of Staff during Gonzalez Colón's first term as Federal Resident Commissioner.

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