News bites: Fed agency staff back half-billion-dollar penalty against Barclays

Bloomberg has the latest on federal action to crack down on alleged energy market abuses.

“The U.S. Federal Energy Regulatory Commission correctly found that traders for Barclays Plc (BARC) had gamed energy markets, agency staff said in a report backing $488 million in penalties on the bank and its former traders,” the news service reports.

Discovery News explores whether advocating for tougher steps on climate change is a political winner for elected officials.

The Associated Press explains why oil prices rose Monday and in early trading Tuesday.

Reuters reports on the latest twist in a long-running lawsuit over Chevron’s alleged pollution of Ecuadorian rainforests.