Read the full article by Hiroko Tabuchi (The New York Times)
“In what officials say is the largest environmental settlement ever won by a state, chemical giants Chemours, DuPont and Corteva agreed on Monday to pay New Jersey $875 million over the next quarter-century to settle claims linked to pollution from so-called ‘forever chemicals.’
Under the deal, the companies are required to fund the cleanup of four former industrial sites, create a remediation fund of up to $1.2 billion and set aside a reserve of $475 million to ensure that the cleanup will be completed if any of the companies go bankrupt or default.
The agreement brings to justice ‘corporate polluters who, for decades, have knowingly contaminated our land and water with PFAS and other dangerous chemicals,’ said New Jersey Attorney General Matthew J. Platkin in a statement, referring to per- and polyfluoroalkyl substances, which are also known as ‘forever chemicals.'” …