3M to pay up to $7.35 billion over PFAS groundwater contamination claims

· Climate · United States

Chemical manufacturer 3M has agreed to pay up to $7.35 billion to settle lawsuits brought by people who say they were sickened by groundwater contamination from compounds used in firefighting foam and other consumer products. The St. Paul, Minnesota-based company announced the settlement on Tuesday and will pay the money over nine years. The compounds, known as PFAS or "forever chemicals," persist in the environment and are tied to drinking-water contamination near military bases and industrial sites. The agreement removes a large litigation overhang for 3M while setting a benchmark for other chemical and industrial companies facing similar claims.

Why it matters:PFAS liabilities now have a multibillion-dollar benchmark, reshaping how chemical makers, utilities and their insurers assess contamination risk and cleanup costs.

Key points

  • 3M will pay the settlement over nine years.
  • The claims concern compounds used in firefighting foam and consumer products.
  • The company is based in St. Paul, Minnesota.

Sources (original reporting)

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