Carbon Cap and Trade

Heather Williams and Paul Baker
Counterpunch

How Wall Street Will Game the Regs and Trash the Planet

Every year, sometime around July 15th, the good people of Staunton, Illinois gather by the Staunton Senior High School for what has become an annual point of pride for the community, as flocks of bicyclists from around the country gather at the starting line to begin a 30-mile road race.

The course scenery is pleasant but unremarkable, winding through cornfields and gallery forests in the hilly farm country of southern Illinois. What brings hundreds of competitors here every year is the competition’s unusual mechanism for tabulating individual scores.
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