 Energy & Environment |
Energy & Environment |
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3M settles 'forever chemical' water contamination suits |
The company has agreed to pay more than $10 billion to settle PFAS contamination claims brought by public water systems from around the nation. |
3M announced the $10.3 billion settlement on Thursday. Paul Napoli, who serves as co-lead counsel for those who sued the company, described the settlement as a "significant step to remediating the nation's water." PFAS, known as "forever chemicals" because they linger in the body and environment, refers to a group of toxic chemicals that have become pervasive in the U.S. and around the world. They have been linked to illnesses included kidney and testicular cancer and thyroid disease. 3M said in SEC filings that it will pay out between $10.5 billion and $12.5 billion as part of the settlement announced this week. Napoli said the numerical discrepancy was likely due to the fact that 3M was presenting the current value of the settlement in the press release while the $10.5 billion – $12.5 billion range reflects what they may actually have to pay out over the next 13 years. He said the final amount will depend on how many water providers come forward. The claims settled this week only pertain to water providers; the settlement does not address personal injury or other suits. Companies DuPont, Chemours and Corteva previously announced a separate tentative settlement with the water providers totaling nearly $1.2 billion. Read more in a full report at TheHill.com. |
Welcome to The Hill's Energy & Environment newsletter, we're Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. |
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How policy will affect the energy and environment sectors now and in the future: |
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An Iowa meteorologist is leaving his job after receiving a death threat over his reporting on climate change.
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Hundreds of sea lions and dolphins washed up dead on the shores of Southern California in recent weeks, and marine life experts are blaming green algae blooms. |
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Oregon's Multnomah County on Thursday sued 17 oil companies and related institutions, alleging pollution from fossil fuels contributed to a 2021 heat wave that killed dozens of Oregonians. |
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Branch out with a different read on The Hill: |
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Texas is set to face record electric demand next week as it endures punishing tropical heat. Many Texans remain unsure of whether the state’s grid has … |
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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Ford Gets $9.2 Billion to Help US Catch Up With China's EV Dominance (Bloomberg)
Clean Energy's Latest Problem Is Creaky Wind Turbines (The Wall Street Journal) - Gina McCarthy's next act (E&E News)
Washington state plans to mandate Tesla's charging plug (Reuters)
- Paris climate finance summit delivers momentum but few results (Politico)
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Upcoming news themes and events we're watching: |
- On Monday, the House Natural Resources Committee's Subcommittee on Water, Wildlife and Fisheries will hold a field hearing in Richland, Wash., titled "Northwest at risk: the environmentalist's effort to destroy navigation, transportation, and access to reliable power"
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Two key stories on The Hill right now: |
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Speaker Kevin McCarthy (R-Calif.) is throwing his weight behind the conservative effort to expunge the two impeachments of former President Trump, saying Trump's behavior didn’t rise to a level that merited either punishment, and he would like to eradicate both votes from history. Read more |
| Clerk of the House Cheryl Johnson announced she will resign at the end of the month, after serving in her post since 2019. Read more |
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You're all caught up. See you next week! |
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