Cap-and-trade overseers beat lawsuit Cap-and-trade overseers beat lawsuit CARBON CREDITSCap-and-trade suit tossedCalifornia environmental regulators running the nation's first economy-wide carbon cap-and-trade program have defeated a lawsuit that claims the system contains a loophole so companies can avoid reducing carbon emissions. State court Judge Ernest Goldsmith in San Francisco rejected a lawsuit by two environmental groups ... [News Source]