Northeast
Cap-and-trade returns: NY plans to force big oil to ‘invest’ in ‘green’ by paying for emissions
In her State of the State address Tuesday, New York Democratic Gov. Kathy Hochul is expected to lay out her “Cap & Invest” anti-pollution program that critics warn will cause gasoline and utility costs to soar in the already fossil-fuel-averse state.
The plan seeks to reduce emissions by levying companies for their greenhouse gas outputs and investing that money into initiatives like retrofitting buildings to run on green electric power.
A “cap” refers to the limit of greenhouse gas emissions that is imposed by a state. The “cap” is often projected to decrease each year in order to meet climate change prevention goals.
The state then can set up an auction to let energy companies bid on pollution-weight-based “allowances” – the proceeds from which can be invested by the government in “green” initiatives, according to New York Focus.
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New York drivers could see more pain at the pump from such a proposal, according to critics like the nonpartisan group Upstate United, which advocates for boosting upstate New York’s economy.
The AAA average gas price in New York sits at $3.14/gallon – comparable to most of the surrounding states except Pennsylvania – which usually remains higher than the rest of the Northeast due to its nationally-third-highest gas tax.
A Hochul spokesman told the New York Post that the governor is “focused on lowering the cost of living, putting money back in New Yorkers’ pockets with refunds, tax credits and more.”
Since Democrats took the executive reins from term-limited GOP Gov. George Pataki in 2007 and have held them without interruption, the Empire State has progressively restricted energy exploration in the state.
The trend began with Gov. David Paterson’s 2010 “timeout” on hydraulic fracturing for natural gas that effectively remains to this day.
The “Marcellus Shale” range is named for a town in New York – but any fracking activity since that time has occurred on the Pennsylvania end of the deposits.
State Sen. Tom O’Mara, R-Elmira, represents a district that sits on part of the Marcellus oil shale formation that remains untouchable under state policy.
Natural gas wells dot the countryside in neighboring Bradford and Tioga counties just to the south in Pennsylvania, but the landscape is clear of any signs of exploration to those traversing NY-17 through New York’s Southern Tier only a few miles away.
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An oil pumpjack operates in the drive-thru area of a McDonald’s in Bradford, Pennsylvania, on Oct. 6, 2017. (Reuters/Brendan McDermid)
On Monday, O’Mara criticized what he called the latest “radical climate mandate” to be handed down:
“Gov. Hochul and the Albany Democrats are going to keep talking about addressing New York’s affordability crisis. But it’s clear that their actions like Cap and Invest, more aptly called ‘Cap and Tax’… will only keep driving this state into the ground economically,” he said.
In 2014, O’Mara slammed New York’s original decision to ban fracking in his area, saying it “eviscerates the hope of so many Southern Tier farmers, landowners, businesses and potential jobs in the natural gas industry.”
Hochul’s cap-and-tax plan, he said, will only increase the cost of doing business in New York and drive more families and employers out of the state while exacerbating the affordability crisis.
The plan shows the governor is out of touch with New Yorkers, Assembly Minority Leader William Barclay told Fox News Digital.
“The last thing we need is more unworkable environmental policy from Albany that drives costs up and drives residents away. Democrats constantly lecture us about the need for Cap and Invest and other misguided energy policy, but when people are paying more at the pump and can’t afford their heating bills, who benefits?” asked Barclay, R-Oneida.
“It’s our responsibility to make sure New Yorkers have reliable, affordable energy sources – not force consumers to subsidize the green dreams of the liberal environmental lobby.”
Gov. Kathy Hochul (Reuters/Cindy Schultz)
In 2021, then-New York Gov. Andrew Cuomo successfully shuttered the massive 2,000MW Indian Point nuclear power generation plant on the Hudson River opposite Haverstraw.
Cuomo cited safety concerns at the time and said “it does not belong… in close proximity to the most densely-populated area in the country.” Critics responded that that area cited – New York City – relied heavily on the power it generated and complained of increased utility bills.
A 2019 law commits New York to net-zero emissions by 2050, according to The New York Times.
Nationally, “Cap & Trade” first entered the American lexicon during the 2008 presidential campaign, when then-Sen. Barack Obama, D-Ill., wooed environmentalists with the idea of taxing entities that release greenhouse gases and affect the atmosphere.
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New York
Four Epstein Victims Ask N.Y. Lawmakers to Open His Estate to Lawsuits
Seated before an array of New York State senators on Monday, Lara Blume McGee was asked by one lawmaker why it had taken her so long to go public with the details of how Jeffrey Epstein had abused her.
She paused for a moment, another victim of Mr. Epstein’s by her side, and leaned forward to speak into the microphone in the State Capitol.
“Fear,” said Ms. Blume McGee, who had been 17 and an aspiring model when Mr. Epstein abused her. It took her about 20 years to come forward.
“Jeffrey Epstein was a great manipulator,” she added, explaining that she feared being sued and having her life ruined by his capacity for retribution.
Ms. Blume McGee was among four women who testified in the State Capitol about the trauma Mr. Epstein inflicted upon them and the lasting damage he did to their lives. The appearance of two of the women — Ms. Blume McGee and Carine Silva De Deus — had been expected, but two other women — Glendys Espinal and Alexandra Golematis — also came forward. Both said they were speaking publicly for the first time about their experiences with Mr. Epstein.
Their testimony comes as State Senator Zellnor Myrie, a Democrat from Brooklyn, seeks support for legislation intended to update state sex-trafficking laws. The goal, Mr. Myrie said, was to better equip the state to handle the kinds of crimes that Mr. Epstein was accused of committing by criminalizing the actions of people who helped perpetuate his behavior.
If passed, the laws would also allow Mr. Epstein’s victims to sue his associates and his estate in state court for punitive damages. State law prevents people from seeking punitive damages from the estate of someone who has died.
“Trafficking is not sustained by one single actor. It is not just Jeffrey Epstein,” said Kathryn Robb, a lawyer who has been pushing for these sorts of legislative changes across the country.
“It is a network that includes financial backers, businesses and other intermediaries, who often escape accountability,” she added. “This bill will disrupt that.”
Ms. Espinal, a Bronx native, said she first met Mr. Epstein during her sophomore year of high school, when she was brought in to give him massages. The demands from the financier quickly escalated, and she said she still has post-traumatic stress disorder from these interactions, which occurred between 2005 and 2008.
“What was going through my head at the time was just pure shame and intimidation,” she said.
Mr. Myrie’s bill, which has no companion legislation in the Assembly as of yet, is not state lawmakers’ only effort to reckon with Mr. Epstein’s legacy and the pain he caused hundreds of women.
Assemblywoman Pamela Hunter, a Democrat from the Syracuse area, and Senator Liz Krueger, a Democrat representing parts of Manhattan, have introduced a bill that would close what they call the “Epstein loophole.” In the state’s laws relating to prostitution, the buyers of a sex worker’s services, or those facilitating them, are excluded from punishment under the statute relating to people being punished for “advancing prostitution.”
“New York should act quickly and close the Epstein loophole, which would have prevented men like Jeffrey Epstein and Sean ‘Diddy’ Combs from being charged with trafficking at the state level,” Ms. Hunter said in a statement last month.
“This bill is necessary to ensure that traffickers and sex buyers are held accountable, while survivors of sexual exploitation are given the care and support they need,” she added, explaining that the law would also reduce punishments for those who perform sex work.
Mr. Epstein and his estate have settled several lawsuits with victims in recent years. The New York Times reported in February that a recent court filing showed that his estate was valued at $120 million, though the estimate might be an undercount.
Nathan Werksman, a lawyer for the women who testified on Monday, said that time was of the essence to change the law and give Ms. Blume McGee and others the chance to seek financial damages from Mr. Epstein’s estate.
Mr. Myrie’s bill, which the Senate Codes Committee passed on Monday, creates a one-year look-back period so that people can sue for actions that fall outside the statute of limitations. In this manner, it resembles the Adult Survivors Act, which in 2022 opened a one-time window in New York permitting people to file sex-abuse lawsuits after the statute of limitations had expired.
“The Epstein Estate is a finite amount of money that is dwindling every day, every week, and every month,” Mr. Werksman said.
“Jeffrey Epstein was able to escape criminal accountability, and his estate can escape civil liability if the estate dwindles down to nothing,” he added.
Lawyers for Mr. Epstein’s estate did not respond to emails seeking comment.
Boston, MA
Photos: See Nicole Kidman, Anne Hathaway, and more stars on the 2026 Met Gala red carpet – The Boston Globe
Held on the first Monday in May each year, the 2026 Met Gala features a “Fashion is Art” dress code, inspired by the institute’s spring exhibition, “Costume Art.” Opening to the public on May 10, the exhibition is the first to be housed in the new Condé M. Nast Galleries, located adjacent to the museum’s Great Hall.
Bringing out fashionable A-list stars from Hollywood and beyond, this year’s soirée once again features Anna Wintour back as a co-chair, marking her first Met Gala since her announcement last year that she was stepping down as editor-in-chief of Vogue. A trio of icons from across entertainment and sports join Wintour for the 2026 festivities, with Beyoncé, Nicole Kidman, and Venus Williams also serving as co-chairs.
Meanwhile, the gala’s host committee is pretty start-studded as well. Co-chaired by fashion designer Anthony Vaccarello and actress Zoë Kravitz, this year’s committee is comprised of Adut Akech, Angela Bassett, Sinéad Burke, Sabrina Carpenter, Doja Cat, Gwendoline Christie, Alex Consani, Misty Copeland, Elizabeth Debicki, Lena Dunham, Paloma Elsesser, Rebecca Hall, LISA, Chloe Malle, Aimee Mullins, Sam Smith, Tschabalala Self, Amy Sherald, Teyana Taylor, Lauren Wasser, Anna Weyant, A’ja Wilson, Chase Sui Wonders, and Yseult.
Amazon founder Jeff Bezos and his wife Lauren Sánchez Bezos are the lead sponsors for both the gala and spring exhibition, and will serve as honorary chairs for Monday’s party.
Check out below to see all the top fashion moments and looks from the 2026 Met Gala red carpet.














































































Matt Juul can be reached at matthew.juul@globe.com.
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