Yes it does, due to the structure of the environmental laws.
In a libertarian system, you’d simply ban pollution (I.e. ban the externalizations of environmental costs), and then let the market and the courts hash things out. If a company was found dumping pollutants into the water, people would sue them, and the costs of all of that would get properly priced into the company’s products.
But the environmental laws are all about the various ways in which companies are allowed to pollute. Companies can dump poison into rivers, so long as they conform the EPA limits. Those limits are, by design, not set any “correct” level (as above, the “correct” level is zero—forcing the externality to be fully internalized; from an economic efficiency point of view, all environmental externalities must be borne by parties to the transaction, either the company or its customers). Instead, the limits are of a “best effort” nature, and a “how to get there from here” nature. For example, the law requires air polluters to install “the best available control technology” on smoke stacks. What does that mean? Well, that requires continual review and revision.
The EPA doesn’t exist to enforce laws that prevent pollution. It exists to manage all the pollution that the law allows.