Review & Outlook: California's Cap-and-Trade War - WSJ.com

What happens when environmental fashion collides with a state's desperate need for jobs and economic growth? That question will be put to the test when Californians vote November 2 on a ballot measure that would suspend the Golden State's cap-and-trade law until its unemployment rate falls below 5.5%. Today the rate is 12.4%.

Proposition 23 is the number one national target of the green movement this election year. With the failure of cap and tax in Congress, the greens are trying to hold onto this remnant of their anticarbon crusade. Both sides are spending heavily, and the polls show a close vote.