News bites: Officials weighed Tokyo evacuation during nuke crisis

An investigation reveals that Japanese officials considered an evacuation of Tokyo during last year’s nuclear reactor crisis, The New York Times reports.

Bloomberg reports that oil prices have dropped back over the last two days amid “growing speculation that demand may be curbed by a rally that has driven prices to a nine-month high.”

Reuters reports that European Union officials are slated to prop up the collapsed market for carbon emissions allowances.

“Recession has already led to a huge surplus of allowances and pushed prices far below the level needed to encourage a shift towards a low carbon economy,” their story notes.

The Wall Street Journal reports that Exxon has confirmed it negotiated exploration and production contracts with the regional Kurdish government in Iraq last year.

Exxon’s work with the Kurdish Regional Government has “infuriated Iraq's federal government, which considers as invalid any deals signed with the KRG, which in turns states that any and all deals it has signed comply with the country's new constitution,” the story notes.