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 Nov 2021 to Dec 2021 Click Here for more 3M Charts.
3M (NYSE:MMM)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more 3M Charts.