Senate forms committee to research cap-and-trade legislation  

The Senate has created an ad-hoc committee on climate initiatives, a hot-button issue that has taken the backseat to the state’s record-breaking budgetary woes. Sen. Sylvia Allen, a Republican from Snowflake, will chair the committee, which aims to delve into federal cap-and-trade legislation and its cost to Arizona and its economy. The committee will meet on June …