Energy

Court: Utility, not gov't responsible for Fukushima disaster

A Japanese court has ruled that a utility, not the government, should pay compensation to dozens of former residents of Fukushima for losses to their livelihood caused by meltdowns at a nuclear plant after a massive earthquake and tsunami in 2011.

Business Highlights

___ Facebook to release Russia ads to Congress amid pressure NEW YORK (AP) — Facebook will provide the contents of 3,000 ads bought by a Russian agency to Congress, and is also taking steps to make political advertising more transparent on its network.

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___ Fed announces a start to modestly reducing its bond holdings WASHINGTON (AP) — The Federal Reserve is announcing that it will begin shrinking the enormous portfolio of bonds it amassed after the 2008 financial crisis to try to sustain a frail economy.

EIA forecast error keeping oil prices low: Harold Hamm

Harold Hamm, CEO of Continental Resources, an American oil and natural gas exploration and production company, told FOX Business that the slight uptick in oil prices is due to small adjustments made in the Energy Information Administration’s (EIA) short-term energy outlook.

Business Highlights

___ Facebook may be facing an 'era of accountability' NEW YORK (AP) — Facebook has unwittingly allowed groups backed by the Russian government to target users with ads.

Permits invalidated for big Washington state methanol plant

U.S. environmental groups opposed to the Pacific Northwest becoming an international fossil fuels gateway scored a major victory when a Washington state board invalidated two permits for a $2 billion project to manufacture methanol from natural gas and export it to China.