Mr. Cote is a longtime advocate of modernizing the Federal Aviation Administration's air-traffic control system, and has told industry officials heexpects to play an important role in devising ways to help airlines finance improvements.

WSJ: Honeywell Takes the Lead in Political Giving

Just days after the American election, the Canadian prime minister proposed a continental cap-and-trade system to control carbon emissions something the oil industry in Canada adamantly opposed.

ECONOMIST: Stephen Harper looks to Washington, not Alberta