Boeing Forms Alliance With Chinese Jet Maker

MINNEAPOLIS (AP) — Federal safety investigators intensified their scrutiny of a Monday fire aboard a Boeing 787 as concerned investors sold shares in the aircraft maker for a second day. Boeing on Tuesday confirmed that the fire aboard a Japan Airlines plane appeared to have started in a battery pack for the plane's auxiliary power unit.

In the past ten years, fuel costs for airlines have more than doubled as a percentage of revenues, and buying fuel now makes up for 58% of an airline's running costs. That's good news for plane manufacturers, who benefit from the resulting demand for new, more fuel-efficient aircraft, according to a new blue paper from analysts at Morgan Stanley.

Barack Obama cannot deliver on his promise to cut greenhouse gas emissions by 17% without decisive new actions, a report warned on Wednesday.

OTTAWA — The oil and gas sector will need to lower greenhouse gas emissions by 42 per cent if Canada has any hope of meeting overall reductions targets by the end of the decade, says a new report from an environmental think-tank. The Pembina Institute report also says the only way that’s going to happen is if upcoming federal regulations on the sector go much farther than those already in place in Alberta.

South Korea is caught in a dilemma between its promise to drastically cut greenhouse gas emissions and mounting concerns that the move will only benefit business rival China, a minister said Tuesday.Knowledge Economy Minister Choi Kyung-Hwan also said there were fears that energy-intensive local companies such as steel firms and automakers would relocate overseas to avoid tougher curbs on emissions.South Korea last month set an ambitious target for its voluntary cut in greenhouse gas emissions, saying it wants to set an example to other developing countries.

PARIS (Reuters) - CFM International, the world's largest maker of jet engines by number of units sold, said on Wednesday that testing of a new powerplant for the next generation of narrowbody passenger jets was going according to plan. CFM, a joint venture between General Electric and France's Safran , is developing the LEAP-X engine for the Boeing 737 MAX and Airbus A320neo, as well as a Chinese competitor now under development, the Comac C919. It competes partly with a new engine being developed by United Technologies unit Pratt & Whitney. ...

Natural Resources Minister Joe Oliver said Canada wants to work with the U.S. to cut greenhouse-gas emissions, including from Alberta’s oil sands, source of crude to be carried by the Keystone XL pipeline. Canada is pursuing policies to reduce carbon-dioxide emissions from using oil sands to the same level as gasoline refined from traditional crude, he said Monday. He discussed technologies, not policies, that could reduce its greenhouse-gas footprint.

Natural gas could be the dominant power source for the next two decades in the western United States, even under the most aggressive climate scenarios, before making way for solar, findings from the University of California Berkeley suggest. The Berkeley study examined the impact of cheap solar power, as envisaged by the so-called “sunshot” initiative launched two years ago by former U.S. Energy Secretary Steven Chu.