Chemical Giants Reach $875 Million Settlement Over PFAS Claims in New Jersey
Chemours, DuPont, and Corteva will pay $875 million to New Jersey over 25 years to resolve claims involving PFAS pollution. These 'forever chemicals' have prompted over $11 billion in U.S. legal settlements. Experts anticipate additional litigation due to new federal regulations and increasing contamination awareness.
In a landmark settlement, chemical titans Chemours, DuPont, and Corteva have agreed to disburse $875 million over the next 25 years to the State of New Jersey. This settlement aims to address ongoing environmental claims related to pollution caused by PFAS, often dubbed 'forever chemicals.'
The trio of companies decided to reach this substantial agreement following numerous lawsuits targeting major chemical corporations. These legal battles have highlighted the shocking pollution of U.S. drinking water with toxic PFAS substances, collectively resulting in over $11 billion in settlements this year.
Industry experts suggest that the landscape of legal restitution concerning PFAS could further evolve as new federal guidelines are introduced, and awareness of the contamination's scope continues to grow. Consequently, more litigation and subsequent settlements are expected.
(With inputs from agencies.)
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