It is time to move beyond the Nixon approach to the environment. The past 40 years have shown how good political intentions — or, at least, political maneuvering — in the name of environmental protection can create perverse economic incentives to do the opposite.
In June of 2012, the world mourned the loss of the giant tortoise, Lonesome George. The 100-year-old tortoise lived in the Galapagos and was believed to be the last of his sub-species. George served as an ambassador for endangered species—especially in Ecuador where many groups are working to...