Cap & Trade Boondoggle

Arizona backs climate plan:

"Arizona is joining six Western states and four Canadian provinces with a proposal to limit greenhouse-gas emissions through a cap-and-trade system that would be the largest of its kind in North America.
The plan, a draft of which was released this week, would apply market fundamentals to the fight against global warming, which many climatologists warn will result in higher temperatures and worsening drought across the West.
A final version of the plan is due in September, with the recommendations left to each state and province to adopt. It's unknown how much of the plan could be implemented administratively in Arizona and how much would require legislative approval."