Cap-And-Trade: The Grand Canyon State avoids a big economic hole by suspending its participation in a multistate initiative to fight climate change. As climate fraud is exposed, economic reality sets in. Will California follow? Not since King Canute have government officials engaged in an exercise as futile as in 2007, when seven U.S. states and four Canadian provinces got together to form something called the Western Regional Climate Action Initiative to reduce regional greenhouse gas emissions starting in 2012. Leading the charge for the pact was California Gov. Arnold Schwarzenegger, who insisted, "We cannot wait for the United States government...