DuPont de Nemours Inc., Chemours Co. and DuPont spinoff Corteva Inc. said they have agreed to pay $1.2 billion to resolve hundreds of pollution claims filed by cities, towns and local water agencies over "forever chemicals" that allegedly fouled groundwater across the U.S.
The pollution comes from a class of chemicals called PFAS found in firefighting foam used in the cities.
3M, a litigant and the company that made the most PFAS chemicals, is not part of the settlement and is set to go to trial Monday on a big case involving contamination in Florida from firefighting foam. Bloomberg News reported that the Maplewood-based company is in talks for a $10 billion or more settlement in the cases.
The three companies in the settlement will set up a fund to settle lawsuits claiming that per- and polyfluoroalkyl substances made by DuPont tainted drinking water and subjected consumers to higher rates of cancer, according to a statement Friday. The compounds are known as PFAS.
Under a cost-sharing agreement between the three companies, Chemours will cover about $592 million of the settlement, DuPont approximately $400 million and Corteva roughly $193 million, the companies said. The settlement amounts will be deposited into the water district settlement fund within 10 business days after the court's preliminary approval of the pact, according to the statement.
"This is an impressive step toward righting a corporate wrong that threatened the health of all Americans," said Scott Summy, one of the lawyers leading the consolidated PFAS litigation in federal court. "DuPont has decided to put money into water systems' hands today rather than delaying payment for years of trial. We applaud the company for this proactive move for cleaner water for all of us."
Holly Froum, a Bloomberg Intelligence analyst who has been following the PFAS litigation, said in a note Friday that "it remains to be seen" how many water authorities will sign off on the deal.
3M and other makers of PFAS including DuPont last month agreed to pay more than $100 million to resolve a Georgia city's lawsuit claiming the chemicals polluted its drinking water.