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New Jersey's $2.5B 'forever chemicals' settlements with DuPont, 3M approved

Created at 7 Aug · 8:29 PM1 source↑ Market-relevant
IN SHORT

A federal judge approved over $2.5 billion in settlements between New Jersey and chemical companies DuPont, Chemours, Corteva, and 3M to resolve claims over PFAS pollution. The judge deemed the settlements fair and in the public interest.

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Key Numbers

$2.5 billiontotal settlement value
$875 millionpayment by DuPont, Chemours, Corteva
$1.2 billionremediation fund
$400 million to $450 millionpayment by 3M
$475 millionreserve for site cleanups
25 yearspayment period for settlements

Who's Involved

Renee Marie Bumb
Chief Judge of the New Jersey federal court
DuPont
Defendant in PFAS pollution lawsuit
Chemours
Defendant in PFAS pollution lawsuit
Corteva
Defendant in PFAS pollution lawsuit
3M
Defendant in PFAS pollution lawsuit
Jennifer Davenport
New Jersey Attorney General
New Jersey's $2.5B 'forever chemicals' settlements with DuPont, 3M approved

↳ Why This Matters

The approval of these substantial settlements represents a significant victory for New Jersey in holding chemical companies accountable for widespread PFAS pollution, potentially setting a precedent for future litigation and environmental remediation efforts across the country.

Key facts

  • New Jersey secured over $2.5 billion in settlements with DuPont, Chemours, Corteva, and 3M to address PFAS pollution.
  • Chief Judge Renee Marie Bumb approved the settlements, deeming them fair, reasonable, and serving the public interest.
  • DuPont, Chemours, and Corteva will collectively pay $875 million over 25 years for natural resource damages and site cleanup.
  • 3M will pay between $400 million and $450 million to settle claims related to drinking water contamination.
  • DuPont and Corteva will establish a $475 million reserve to ensure cleanup of four former industrial sites.

A federal judge has approved over $2.5 billion in settlements between New Jersey and chemical companies DuPont, Chemours, Corteva, and 3M, resolving claims of pollution from PFAS, commonly known as 'forever chemicals.' Chief Judge Renee Marie Bumb of the New Jersey federal court found the settlements fair, reasonable, and adequate, calling the total value an "impressive windfall" given the risks of litigation. The judge quoted James Madison on the importance of protecting the nation's soil and climate.

Under the terms, DuPont, Chemours, and Corteva will pay $875 million over 25 years for natural resource damages and to clean up four former industrial sites, also contributing to a $1.2 billion remediation fund. 3M will pay between $400 million and $450 million over the same period to settle claims related to drinking water contamination. Additionally, DuPont and Corteva will establish a $475 million reserve to guarantee the cleanup of the four sites, even in cases of bankruptcy or non-performance by the companies.

Carneys Point Township and the Borough of Sayreville had objected, arguing that New Jersey lacked the authority to resolve claims belonging to individual municipalities. Judge Bumb overruled these objections. PFAS are synthetic chemicals found in numerous consumer products that do not easily break down in the environment or the human body and have been linked to various adverse health effects. The companies involved face additional litigation over PFAS contamination from other states and entities.

Frequently asked questions

'Forever chemicals' is a nickname for PFAS (per- and polyfluoroalkyl substances), which are synthetic chemicals that do not easily break down in the human body or the environment. They are found in many consumer and commercial products.

PFAS have been linked to negative health effects including higher cholesterol, low birth weight, reduced antibody response to vaccines, and kidney and testicular cancer.

The settlements involve DuPont, Chemours, Corteva, and 3M.

The total value of the settlements is over $2.5 billion.

What Happens Next

01Companies will begin making payments and initiating cleanup activities as per the settlement terms.

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Cadence

How It Developed

New Jersey reached over $2.5 billion in settlements with DuPont, Chemours, Corteva, and 3M over PFAS pollution.
Chief Judge Renee Marie Bumb approved the settlements, calling them fair, reasonable, and adequate.
DuPont, Chemours, and Corteva will pay $875 million for damages and remediation.
M will pay $400 million to $450 million to settle drinking water contamination claims.
DuPont and Corteva will create a $475 million reserve for site cleanups.
The judge overruled objections from two municipalities regarding the state's power to resolve claims.

Sources

T1
New Jersey's $2.5 billion 'forever chemicals' settlements with DuPont, 3M, others win court approvalReuters

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