US EditionDuPont, Chemours and Corteva Reach Record $2 Billion PFAS Settlement With New Jersey
NEW JERSEY, AUG 4 – The $2 billion settlement resolves decades of PFAS contamination claims at four sites and statewide, with $875 million allocated for damages and cleanup over 25 years, officials said.
- On Monday in Trenton, New Jersey, DuPont, Chemours, and Corteva agreed to pay up to $2 billion to settle PFAS contamination claims.
- The deal follows widespread PFAS pollution, known as forever chemicals, which have contaminated air, water, and soil for decades and accumulate in the body.
- The agreement requires the involved firms to contribute $875 million spread over 25 years, establish a remediation fund valued at $1.2 billion, and undertake cleanup efforts at four polluted locations within the state.
- State Environmental Commissioner Shawn LaTourette stated that the agreement positions New Jersey well to address the issue, describing it as the largest environmental settlement in the state’s history.
- The deal, which must be approved by courts, follows a $450 million payment by 3M for similar PFAS contamination lawsuits, signaling increased corporate accountability in New Jersey.
81 Articles
81 Articles
Amid PFAS settlement, DuPont forecasts strong sales, soft tariff hit
DuPont has settled PFAS claims in New Jersey along with Chemours and Corteva for a combined $2 billion. But DuPont's stock quickly rebounded thanks to earnings that exceeded expectations. The post 🔒 Amid PFAS settlement, DuPont forecasts strong sales, soft tariff hit appeared first on Delaware Business Times.
Landmark 'Forever Chemical' Settlement Reached
New Jersey reached a $2 billion “groundbreaking” settlement with three companies over contamination caused by PFAS, or per- and polyfluoroalkyl substances. According to the agreement, DuPont, Chemours, and Corteva will pay $825 million over 25 years to address the damages to four sites and the contamination of resources. The companies have also agreed to create a remediation funding source worth up $1.2 billion and will establish a reserve fund …
New Jersey Reaches $2 Billion ‘Forever Chemical’ Settlement With 3 Companies
New Jersey has reached a $2 billion settlement with three companies in what is believed to be the largest environmental settlement ever secured by a single state, to address per- and polyfluoroalkyl substances (PFAS), also known as “forever chemicals,” state officials said on Aug. 4. Under the agreement, the companies—DuPont, Chemours, and Corteva—will pay $875 million over 25 years for the restoration of damaged natural resources and to support…
Coverage Details
Bias Distribution
- 59% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
