Environmental pollution and degradation are regulated by the Environmental Protection Agency (EPA) Since its creation in 1970, the EPA has become one of the most powerful of the federal regulatory agencies, and it is credited with substantially reducing environmental deterioration (see Case Study 12-2 ) The EPA monitors the air, water, toxic chemicals, pesticides, and waste materials, and it oversees grants for sewage treatment plants throughout the United States. Business, however, has often bitterly complained