News bites: Oil markets eye hurricane season, Bloomberg and Clinton battle climate change, and more

The Wall Street Journal reports that the onset of hurricane season could mean more tumult for jittery oil markets.

The World Bank and cities worldwide are teaming up to battle climate change, an initiative that New York City Mayor Michael Bloomberg and Bill Clinton rolled out in Brazil. AP has more.

Federal attorneys say Anadarko Petroleum, which had a 25 percent stake in BP’s ill-fated Macondo well, is liable for environmental damage. Bloomberg has the story.

The Houston Chronicle reports that oil-and-gas executives made the case Wednesday that states – not the federal government – should be the lead regulators of the natural gas extraction method called hydraulic fracturing.

The Washington Post’s editorial board thinks the German government is making a big mistake by abandoning nuclear power.

The New York Times reports on a big deal in the coal patch:

“Shareholders approved Alpha Natural Resources’ $7.1 billion purchase of Massey Energy on Wednesday, creating the nation’s largest metallurgical coal company, but one that still will have to overcome safety concerns after Massey’s Upper Big Branch mine disaster last year,” the paper reports.