From ABC News:
...At a photo op to highlight green building technology that could reduce energy consumption, India's Environmental Minister Jairam Ramesh said his country would never agree to cap its carbon emissions. The United States wants such a move from the world's largest developing economies in order to curb global warming, but India and others argue it would stunt their economic growth.... Story
So, if India and China, two of our largest economic competitors reject carbon caps, will we still go forward with our cap and trade plan?
Are we going to "stunt" our economic growth while key competitors do not?
Are we putting up the white flag?