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JAPAN'S CRISIS: The nuclear disaster at the Fukushima plant is eroding years of Japanese efforts to reduce greenhouse gas emissions blamed for global warming, as power plants running on oil and natural gas fill the electricity gap left by now-shuttered nuclear reactors.
Utility operator Pepco Holdings Inc. said Friday that its first-quarter profit rose 6 percent as lower taxes helped offset a 21 percent drop in revenue, as mild winter weather led to a decline in electric sales.
Update, 5:23 p.m Eastern Time: In a statement by Heartland president Joseph Bast, the organization announced that it will be taking down the Unabomber billboard after only 24 hours. Bast wrote that the billboard was an "experiment" meant to "turn the tables" on climate-change advocates.
A free market think tank is taking its beef with climate change alarmists to the Chicago skies.
Buckeye Partners LP said Friday that mild winter weather hurt demand for refined petroleum products and pulled down its first-quarter profit by 22 percent.