3M to Pay $450 Million to New Jersey in Largest Statewide PFAS Settlement
In a major development, 3M has agreed to pay the state of New Jersey up to $450 million over the next 25 years. This settlement comes as a resolution to the claims made by the state regarding widespread contamination from “forever chemicals.” The announcement of this agreement was made by State Attorney General Matthew Platkin and New Jersey Department of Environmental Protection (DEP) Commissioner Shawn LaTourette on Tuesday.
This settlement is being hailed as the largest statewide PFAS (per- and polyfluoroalkyl substances) settlement in New Jersey’s history. PFAS are a group of man-made chemicals that have been used in various industries for decades and are known to be harmful to human health and the environment. They are commonly found in products such as non-stick cookware, food packaging, and water-resistant clothing.
The state of New Jersey has been at the forefront of addressing the issue of PFAS contamination. In 2018, it filed a lawsuit against 3M and other companies, alleging that they knowingly contaminated the state’s waterways and drinking water sources with PFAS. The lawsuit also accused these companies of failing to disclose the risks associated with these chemicals.
Under this settlement, 3M will pay the state of New Jersey $175 million upfront, followed by an additional $275 million over the next 25 years. The funds will be used to address the contamination and to fund clean-up efforts. This agreement also includes provisions for 3M to reimburse the state for past and future costs incurred in addressing PFAS contamination.
Attorney General Matthew Platkin stated, “This settlement sends a clear message that we will hold companies accountable for their actions and ensure that they take responsibility for the harm they have caused to our environment and communities.” He also added that this settlement will provide the necessary resources to clean up the contamination and protect the health and well-being of the residents of New Jersey.
DEP Commissioner Shawn LaTourette also expressed his satisfaction with the settlement, stating, “New Jersey is committed to protecting our environment and the health of our residents. This settlement is an important step in holding those responsible for PFAS contamination accountable and ensuring that they take the necessary measures to remediate the damage caused.”
The settlement also includes a provision for 3M to assist the state in identifying and addressing PFAS contamination in the affected areas. This will include conducting investigations and providing technical assistance to the DEP.
This settlement comes as a significant victory for the state of New Jersey in its fight against PFAS contamination. It sets a precedent for other states to hold companies accountable for their actions and to ensure that they take necessary measures to remediate the damage caused by these harmful chemicals.
The news of this settlement has been welcomed by environmental groups and residents of New Jersey who have long been concerned about the impact of PFAS contamination on their health and the environment. This settlement is a testament to the state’s commitment to protecting its citizens and the environment from the harmful effects of PFAS.
In conclusion, the $450 million settlement between 3M and the state of New Jersey is a significant step towards addressing the issue of PFAS contamination. It not only provides the necessary resources for clean-up efforts but also holds companies accountable for their actions. This settlement sets a strong example for other states to follow in their fight against PFAS contamination and protecting the health and well-being of their communities.
