A nationwide settlement between 3M and public water suppliers (PWS) regarding PFAS ("forever chemicals") contamination has been finalized by a US District Court.
This settlement offers financial assistance to PWS facing PFAS contamination in their water systems. The agreement covers past, present, and future PFAS detection, providing a broader scope of support. Payments are expected to begin in Q3 2024, aiding in remediation efforts.
Key details:
- The settlement has a pre-tax present value of up to $10.3 billion, payable over 13 years.
- While the settlement amount is capped at $12.5 billion, the final payout may be lower.
- The agreement calls for payouts through 2036.
The Water Report will continue monitoring the settlement process and how to access these funds for PFAS remediation efforts so stay tuned.
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