3M Reaches Settlement in PFAS Litigation in Decatur, Ala.
October 19 2021 - 1:23PM
Dow Jones News
By Chris Wack
3M Co. said it has reached a collaborative agreement to resolve
ongoing litigation and negotiations related to per- and
polyfluoroalkyl substances near 3M's Decatur, Ala., facility with
parties including the city of Decatur and Morgan County, the
plaintiffs in St. John, and the Tennessee Riverkeeper
organization.
The company said that through these agreements, it will support
activities to address PFAS that 3M manufactured or disposed of, as
well as to enhance the quality of life for Decatur residents.
3M said it will contribute about $99 million to support
initiatives that will improve the quality of life and the overall
environment for Decatur. This includes community redevelopment and
recreation projects to develop and construct a new public
recreational facility, ball fields, and other projects in the city
of Decatur.
3M will continue to address PFAS at sites where it disposed of
PFAS. This will include funding the installation of a synthetic
liner and cap in portions of the Morgan County Landfill, as has
been done effectively at other locations in Decatur. 3M will also
pay the city and county to reimburse costs previously incurred
related to PFAS remediation.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
October 19, 2021 13:08 ET (17:08 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
3M (NYSE:MMM)
Historical Stock Chart
From Mar 2024 to Apr 2024
3M (NYSE:MMM)
Historical Stock Chart
From Apr 2023 to Apr 2024