regulatory
confidence high
sentiment negative
materiality 0.75
Chemours agrees to $22.5M penalty and $90M in PFAS mitigation projects to settle EPA claims
Chemours Co
- Civil penalty of $22.5M payable in three annual installments starting within 30 days of court approval; $15M already accrued.
- Over 15 years, Chemours will fund $90M in additional mitigation projects to reduce PFAS emissions and expand off-site drinking water programs.
- Expansion of drinking water programs in West Virginia, Ohio, and New Jersey; expects increase to environmental reserves.
- Also resolved West Virginia Rivers Coalition Clean Water Act litigation for less than $1 million.
- Settlement is subject to court approval; no admission of liability by Chemours.