3M announced Thursday it agreed to pay $10.3 billion to settle lawsuits claiming it polluted drinking water with so-called 'forever chemicals.'
the first-ever national standards on levels of PFAS found in drinking water to levels so low they cannot easily be detected.
3M has been the defendant in thousands of lawsuits over the past several years over claims it knew PFAS in its products could cause health issues, but continued to manufacture them anyway, resulting in a contaminated water supply. The company said the settlement is not an admission of liability and that if the court does not approve the settlement agreement, it will defend itself in ongoing litigation.
"This is an important step forward for 3M, which builds on our actions that include our announced exit of PFOA and PFOS manufacturing more than 20 years ago, our more recent investments in state-of-the-art water filtration technology in our chemical manufacturing operations, and our announcement that we will exit all PFAS manufacturing by the end of 2025," 3M chairman and CEO Mike Roman said in a statement.
In the press release announcing that settlement agreement the companies said if the settlement is not approved, they "will continue to assert their strong legal defenses...deny the allegations in the underlying litigation and reserve all legal and factual defenses."
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