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3M agrees to pay $10.3 billion to settle 'forever chemicals' drinking water lawsuits | CNN Business

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The company — which produces Post-It notes, Scotch Tape, and n95 masks, among other industrial products — said it would pay up to $10.3 billion over 13 years to fund public water suppliers in the US that have detected these chemicals in drinking water.

3M announced Thursday that it had reached an agreement to settle lawsuits that claimed that toxic “forever chemicals” had contaminated water supplies in the United States. Polyfluoroalkyl and perfluoroalkyl substances , known as “forever chemicals,” have been found in hundreds of household items, including makeup and carpeting, and are used to make coatings that repel water, grease, and oil.

3M’s proposed settlement comes just weeks after three other companies, Chemours, DuPont, and Corteva, announced they would pay more than $1 billion to settle lawsuits over “forever chemicals.” Earlier this year, the US Environmental Protection Agency proposed national drinking water standards for PFAS chemicals, based on evidence that they have been found to linger in the environment and in the human body. 3M said its multi-billion dollar settlement is not an admission of liability.

 

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