It’s the third such deal the Interior Department has struck to pay firms to abandon plans for offshore turbines, spending roughly $2.5 billion to get companies to abandon their wind projects.

It’s the third such deal the Interior Department has struck to pay firms to abandon plans for offshore turbines, spending roughly $2.5 billion to get companies to abandon their wind projects.

© Joshua A. Bickel/Associated Press

The pace of the recovery will depend on how confident companies are that the deal between the United States and Iran will hold and be extended.

© Reuters

As the midterm elections approach, many leading Democrats are rethinking their approach to climate change.

As the midterm elections approach, many leading Democrats are rethinking their approach to climate change.

© Anna Moneymaker/Getty Images

The Iran war is pushing countries to prioritize domestic energy in order to protect themselves from volatile oil and natural gas markets.

The Iran war is pushing countries to prioritize domestic energy in order to protect themselves from volatile oil and natural gas markets.

© Jes Aznar for The New York Times

New guidance from the Energy Department would prevent people from receiving rebates after making such swaps.

© Bing Guan for The New York Times