00:03:22 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Onex Corp
Symbol ONEX
Shares Issued 77,129,435
Close 2024-04-01 C$ 100.96
Market Cap C$ 7,786,987,758
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Post/CP say Air Canada, others seek fed help on GHGs

2024-04-02 08:45 ET - In the News

See In the News (C-AC) Air Canada

The Financial Post reports in its Tuesday edition that airlines and marine shippers are asking Ottawa to beef up funding for sustainable transport, money they hope will kickstart and boost green supply chains. A Canadian Press dispatch to the Post says that ahead of the federal budget April 16, a pair of transportation groups say incentive programs, loans and grants are essential to help companies reduce greenhouse gas (GHG) emissions and keep pace with other countries' transportation networks. Investors and would-be suppliers need incentives to start churning out sustainable aviation fuel -- not a drop of which is produced in this country -- to match new programs in the United States that aim to cut airplane pollution, the National Airlines Council of Canada says. Typically derived from used cooking oils, animal fats or organic waste, green jet fuel shaves off about 80 per cent of a plane's emissions. Meanwhile, the Chamber of Marine Commerce says a green shipping corridor fund launched last year by Transport Canada needs a top-up to funnel investor cash toward emissions reduction. Electrification is one reason U.S. ports have an advantage and that reality could start to draw shippers away from Canadian terminals.

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