DuPont, Chemours, Corteva reach $455M North Carolina 'forever chemicals' settlement (DD:NYSE)

North Carolina's Attorney General and NCDEQ announced a $600-million settlement with DuPont and Chemours for environmental damage. The funds will go to the state, local governments, and a clean water fund. Chemours has already spent $1.2 billion under a 2019 consent order. The settlement does not affect ongoing litigation by the Cape Fear Public Utility Authority.

North Carolina settled with DuPont, Chemours, and Corteva for $590M over PFAS contamination. The state and 11 local governments will receive $455M over 10-15 years, with $75M for a contamination mitigation fund. Chemours must provide clean water and has already spent $1.2B on compliance. Governor Stein and Attorney General Jackson emphasized accountability for the companies' actions.

Chemours (CC), DuPont (DD), and Corteva (CTVA) settled PFAS-related litigation in North Carolina for $455 million. Chemours will pay $180 million, covered by existing accruals. The settlement resolves future escrow contributions and addresses remaining obligations, providing clarity for Chemours' operations. CC shares rose 1.53% despite broader market weakness.

North Carolina reached a $590 million settlement with DuPont and Chemours over PFAS contamination. The state will receive $455 million over 10-15 years, with most funds going to affected local governments. The settlement follows a 2019 consent order requiring Chemours to spend nearly $1.2 billion on cleanup efforts.

Chemours, DuPont, and Corteva agreed to a $455M settlement with NC localities over PFAS contamination. Chemours will pay $180M, with funds allocated for mitigation and local governments. The settlement addresses damages from chemical discharge and firefighter exposure, with Chemours committing to future cleanup obligations.

Chemours, DuPont, and Corteva agreed to pay $455M over 15 years to settle PFAS pollution claims in North Carolina, with Chemours covering half. The deal requires court approval. This follows a pattern of settlements by the companies, including a $1.185B national fund for water utilities and a $875M agreement with New Jersey. 3M has also settled similar claims, including a $12.5B national deal. Finalization depends on court dismissal of lawsuits.