3M Stock Watches Australia’s $1.4 Billion ‘Forever Chemicals’ Move
4 Articles
4 Articles
Australia has just launched one of the largest environmental judicial offensives in its history. Australia’s lawsuit against 3M for eternal chemicals seeks to claim more than 2 billion Australian dollars for pollution caused by toxic substances present in foams used for years in the country’s military bases. The case again places at the center of the international debate those known as PFAS, extremely persistent chemical compounds that have gene…
Government launches historic $2B lawsuit over toxic chemical contamination
For anyone who remembers the long battle against asbestos, this will feel familiar. Australia has just launched its biggest-ever corporate lawsuit, and the target is a household name. Legal action has been initiated in the Federal Court against global manufacturer 3M. The Commonwealth is seeking more than $2 billion in damages, linked to alleged contamination across 28 Defence sites around Australia. It is the largest legal claim ever brought b…
Australia claims that 3M company has hidden information about risks associated with fire fighting foams with PFAS. This is the largest lawsuit ever filed by Camberra.
3M Stock Watches Australia’s $1.4 Billion ‘Forever Chemicals’ Move
Australia sued 3M and its local unit for over A$2 billion ($1.43 billion) over PFAS contamination at 28 defense sites, sending 3M shares down 1.5% Thursday. The stock closed the week at $153.13, up 0.5% from last Friday, despite the legal setback. 3M said it would fight the case and noted it stopped selling the foams in Australia about 20 years ago. The post 3M Stock Watches Australia’s $1.4 Billion ‘Forever Chemicals’ Move appeared first on Tec…
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