Three major chemical companies on Friday said they would pay more than $1 billion to settle the first in a wave of claims that they and other companies contaminated drinking water across the country with so-called forever chemicals that have been linked to cancer and other illnesses.
The companies — Chemours, DuPont and Corteva — said they had reached an agreement in principle to set up a $1.19 billion fund to help remove toxic perfluoroalkyl and polyfluoroalkyl substances, or PFAS, from public drinking water systems.
Bloomberg News also reported on Friday that 3M had reached a tentative deal worth “at least $10 billion” with U.S. cities and towns to resolve related PFAS claims.
Sean Lynch, a spokesman for 3M, declined to comment on the report, which cited people familiar with the deal without naming them.
They have sought billions of dollars in damages to deal with the health impacts and the cost of cleaning up and monitoring polluted sites.
Persons:
—, Corteva —, “, Sean Lynch
Organizations:
DuPont, Bloomberg News, 3M