Chemours, DuPont and Corteva have agreed to pay New Jersey $875 million to resolve allegations that the companies contaminated drinking water and soil with per- and polyfluoroalkyl substances, the persistent pollutants known as PFAS or “forever chemicals.” State Attorney General Matthew Platkin said the pact is the largest environmental settlement ever reached by a single U.S. state. The companies will make the payments over 25 years, starting no earlier than Jan. 1, 2026. Under the deal, Chemours will fund half the amount, DuPont 35.5 percent and Corteva the remainder. New Jersey said the money will finance cleanup at four former industrial sites and establish a remediation fund and reserve to ensure work continues even if any of the firms default. The agreement follows a series of PFAS settlements across the United States, including a $1.19 billion deal last year in which the same three companies compensated water providers, and a separate $10.3 billion settlement by 3M. Regulators and plaintiffs’ lawyers expect additional litigation as federal limits on PFAS in drinking water tighten.
Another ~billion in settled lawsuits surrounding Forever Chemicals… https://t.co/Lf1Cx2RqeE
CHEMICAL GIANTS DUPONT, CHEMOURS & CORTEVA TO PAY NEW JERSEY $875 MILLION IN HISTORIC “FOREVER CHEMICALS” POLLUTION SETTLEMENT: NYT
Breaking News: Chemical makers will pay New Jersey $875 million to settle claims linked to pollution from so-called forever chemicals. https://t.co/syfrCkqwCw