Chemours Settles EPA PFAS Claims With $22.5M Penalty and $90M in Mitigation Projects
Chemours (NYSE: CC) agreed to pay a $22.5 million civil penalty over three years and fund $90 million in mitigation projects over 15 years to resolve EPA and West Virginia claims over PFAS discharges at three operating sites [1].
Chemours Co. (NYSE: ) reached a settlement with the U.S. Environmental Protection Agency and the West Virginia Department of Environmental Protection to resolve claims relating to discharge of PFAS compounds across three current operating sites [1]. The chemical manufacturer will pay a $22.5 million civil penalty over a three-year period and fund $90 million in additional mitigation projects over the next 15 years to further reduce PFAS emissions and enhance certain existing off-site drinking water programs [1].
The settlement resolves the federal government's claims relating to PFAS discharges as well as certain environmental claims by the State of West Virginia [1]. Total expenditures under the agreement amount to $112.5 million, split between immediate penalty payments and longer-term environmental remediation commitments.
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