News bites: FERC nominee faces tough road

Bloomberg reports that President Obama's pick to run the Federal Energy Regulatory Commission could face a contentious confirmation process.

A new study says coastal flood damage could hit $1 trillion by 2050, The Guardian reports.

Energy firms are cutting costs by shipping through the Arctic between Asia and Europe as melting ice from climate change has opened up new lanes, The Wall Street Journal reports.

Japan's nuclear watchdog said it feared several of the storage tanks holding contaminated water from the Fukushima Dai-ichi reactor that melted down in 2011 are leaking, Reuters reports.