I should point out that I found the original article on Bloomberg and not at HBP. Can’t post a bloomberg link though.
Remember when though when you attack Cap and Trade you are attacking a system and not what that system is intended to accomplish.
By the way, Cap and Trade as a system has been proven to effectively reduce powerplant emissions (SOX and NOX) in a market-based cost-effective manner. Your real bone of contention is with the need to reduce CO2 emissions at all. By attacking the system rather than the goals of the system you are implicitly agreeing that the goals are correct, but the system is the wrong one. Thus, if you don’t think CO2 needs to be controlled, you let the left win by saying their goals are correct, but their system is wrong becaues they can always find an alternative system.