Grafa
Chemours settles PFAS claims for $22.5M penalty
Image for illustrative purposes only. Not a real photo.

Chemours settles PFAS claims for $22.5M penalty

Share
  • Chemours Company (NYSE:CC) reached a settlement with the U.S. EPA and West Virginia regulators over PFAS discharge claims.
  • The agreement includes a $22.5 million civil penalty and $90 million in mitigation projects over 15 years.
  • The deal also expands drinking water programs and remains subject to court approval under a proposed consent decree.

Chemours Company (NYSE:CC) announced a settlement with the U.S. Environmental Protection Agency and West Virginia regulators to resolve claims related to PFAS discharges at three operating sites.

The company agreed to pay a $22.5 million civil penalty over three years and fund $90 million in environmental mitigation projects over a 15-year period.

The agreement also includes expanded off-site drinking water programs, which Chemours said are expected to increase its environmental reserves.

The settlement is outlined in a proposed consent decree that remains subject to approval by a federal court before becoming final.

Chemours also separately resolved related litigation with the West Virginia Rivers Coalition for less than $1 million, concluding additional environmental claims tied to the same issue.

Connect with us

Disclaimer

Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relate to your unique circumstances.

Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of or reliance on the information provided directly or indirectly, by use of this platform.