DuPont and Fountain Reach Settlements Over PFAS Exposure
What happened
Settlements were reached regarding per- and polyfluoroalkyl substances, or PFAS, exposure involving DuPont and the city of Fountain. Fountain is already receiving payouts from class action settlements with several companies, including DuPont, totaling about $12 billion nationwide. The newest round of settlements is expected to total about $200 million nationwide.
From gazette.com
Why it matters
The settlements relate to exposure to PFAS, which are linked to adverse health effects and are regulated by water quality agencies. Fountain has been receiving funds to cover costs associated with upgrading its water infrastructure to filter these chemicals.
From gazette.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Fort CarsonSpeculative
Fort Carson might see changes in operational costs related to PFAS exposure and reimbursement agreements.
- DuPontSpeculative
DuPont could face increased costs due to liability exposure from PFAS settlements.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- DuPont's PFAS settlement increases financial and governance risk for boardDuPont's PFAS settlement requires board of directors to manage financial and environmental riskLikely
- DuPont's PFAS settlements may increase Corteva's environmental liabilitiesDuPont's PFAS settlements may increase Corteva's environmental liabilitiesPossible
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The entities involved
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Fountain
city in El Paso County, Colorado, United States
Nothing else this week.
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DuPont
American multinational chemical company