Markets World Tech USA · World
S&P 500
7,750.45
+260.73   +3.48%
Live
Dow
54,042.13
+1,557.10   +2.97%
Live
Nasdaq
26,648.71
+1,274.86   +5.02%
Live
USD Index
99.50
-0.46   -0.46%
Live
Russell
3,037.09
+105.75   +3.61%
Live

Economy

US says chemical giant Chemours to pay $450m to settle ‘forever chemicals’ case

· The Guardian

Agreement is first by federal government to resolve enforcement claims against a major Pfas manufacturer

The Trump administration on Wednesday reached a multi-state settlement with the chemical giant Chemours Co over years-long, illegal discharges of synthetic “forever chemicals” used to make products resistant to water, grease and stains. The settlement is the first by the federal government to resolve enforcement claims against a manufacturer of harmful chemicals known as Pfas.

Under the agreement, filed in federal court in West Virginia, Chemours will pay a civil penalty of $22.5m for alleged violations and spend $90m over 15 years to mitigate Pfas discharges in three states: West Virginia, North Carolina and New Jersey.

Continue reading...