Key facts
- Chemours, DuPont, and Corteva agreed to a $455 million settlement with North Carolina and 11 local entities.
Chemours, DuPont, and Corteva have agreed to a $455 million settlement with North Carolina and 11 local entities to resolve claims of PFAS contamination. Payments will be spread over 15 years, with Chemours bearing 50% of the cost.
This settlement resolves significant environmental contamination claims against major chemical companies, highlighting the ongoing legal and financial repercussions of 'forever chemicals' on public health and corporate balance sheets.
Chemours, DuPont, and Corteva have reached a $455 million settlement with North Carolina and 11 local entities to resolve claims of pollution from 'forever chemicals,' also known as PFAS. The lawsuits accused the companies of contaminating U.S. drinking water. This agreement specifically addresses claims excluded from a broader 2024 public water system class settlement and includes pollution linked to aqueous film-forming foam, beyond just the Fayetteville Works plant.
Payments will be disbursed over 15 years, commencing within 30 days of the agreement's finalization. Chemours is slated to bear 50% of the total settlement cost, as per a 2021 agreement among the companies, with DuPont and Corteva sharing the remaining 50%. Chemours anticipates paying around $50 million within the next 12 months. The company stated that the settlement acknowledges progress made under its 2019 consent order with North Carolina, which includes investments aimed at reducing PFAS emissions and addressing off-site environmental impacts.