FAFO

Walmart considers moving legal home out of Delaware.

A revolt led by tech billionaires has Delaware scrambling to preserve its lucrative status as the corporate home of the American business world.

A year after a Delaware judge ordered Tesla to revoke Elon Musk’s $56 billion pay package, prompting him to relocate his companies’ incorporation to Texas and Nevada, reports that other prominent firms might follow his lead have sparked a potential crisis for the state.[…]

Until recently, Delaware’s grip on that status seemed secure. Most Fortune 500 companies are incorporated there, bringing in some $2 billion a year in corporate franchise taxes — more than a third of the state’s annual revenue and a big reason it has no sales tax.

Nuclear supply chain being developed in Saskatchewan, tariffs

Westinghouse in SK, Part 3: Westinghouse signs MOUs with six Saskatchewan companies

BIG NEWS: Westinghouse in SK, Part 3: Westinghouse signs MOUs with six Saskatchewan companies. When they say modular, they mean modular.

Despite Thursday’s partial tariff reprieve, Saskatchewan still cutting off US alcohol sales and procurement. This story is moving so fast, I had to update it twice before publishing. It might be out of date by Friday morning.

South Bow says tariffs could create challenges in its marketing segment (this is the spin-off company from TC Energy that operates Keystone Pipeline)

ROK Resources releases 2025 budget guidance, CEO discuss possible tariff impacts

CrackBlue

Dem Fundraising Platform in Turmoil

The exodus comes as congressional Republicans investigate ActBlue’s security and fraud-prevention measures, including to what degree it works to block illegal foreign donations. Among those who have left are longtime ActBlue officials, such as the associate general counsel and chief revenue officer, though the exact reasons for their departures remain unclear, according to the Times.

The upheaval deals a heavy blow to the Democratic Party, as ActBlue has long played a pivotal role in fundraising for Democratic candidates at all levels. ActBlue said it has helped raise more than $16 billion for Democratic campaigns since 2004.

Zain Ahmad, who as of February 26 was the only remaining lawyer in ActBlue’s general counsel’s office, alleged that the company had revoked his access to email and other internal platforms and deleted some of his Slack messages, the Times reported.

Flashback.

I Want A New Country

Ross McKitrick, economist, U of Guelf: “Unlike when talking about Brookfield or semiconductors, here [Carney] is very precise in his wording so later he can insist that he never promised pipelines.”

Have Another Drink, Dougie

In the same breath as Ford blasts Trump for his tariffs on Canadian electricity, he proposes, in response, to effectively double them.

Ontario will charge 25 per cent more for electricity shipped to 1.5 million Americans starting Monday in response to U.S. President Donald Trump’s tariffs, Premier Doug Ford said Thursday.

The policy raises some questions. Since hydro contracts are long term with already agreed upon pricing, how does Ford propose to make the American utilities pay the extra charges? He can send as many invoices as he wants to US customers, but there’s no way a US court would rule in favor of Ontario and they would be free to ignore them.

The other problem is that by shrinking the differential between American and Canadian electricity prices by 50%, you have incentivized American utilities to build their own generating capacity. Has Ford not considered that angle? Oh wait, don’t answer that….

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