07.15.21
The State of Delaware and E. I. du Pont de Nemours and Company, The Chemours Company, DuPont de Nemours, Inc. and Corteva, Inc., businesses with a long history of operations within the state, announced a settlement agreement designed to benefit Delaware’s natural resources and the people of the State of Delaware now, and well into the future.
Under the settlement agreement, the companies will agree to pay $50 million for environmental restoration, improvement, sampling and analysis, community environmental justice and equity grants, and other natural resource needs. The companies will fund up to an additional $25 million if they settle similar claims with other states for more than $50 million.
The settlement resolves the companies’ responsibility for damages caused by releases of historical compounds within or impacting the state, including per- and polyfluoroalkyl substances (generically referred to as PFAS), subject to certain limitations and preservations.
Consistent with the cost-sharing arrangement entered into by the companies in January of this year, of the $50 million, DuPont and Corteva will each contribute $12.5 million and Chemours will contribute $25 million.
“We are privileged to live and work in this great state, and our actions today were very much motivated by our commitment to make a meaningful difference in the community we call home and our historical relationship with the state of Delaware,” Mark Newman, CEO of Chemours, said. “Rather than engaging in protracted and costly litigation, the state and our companies have set aside our differences and come together to put Delaware and its residents first.”
“This settlement could not have been achieved without the goodwill and assistance of all parties,” said Ed Breen, executive chairman and CEO of DuPont. “That goodwill is borne out of the companies’ more than 200-year relationship to the state, its people, and its economy.”
Under the settlement agreement, the companies will agree to pay $50 million for environmental restoration, improvement, sampling and analysis, community environmental justice and equity grants, and other natural resource needs. The companies will fund up to an additional $25 million if they settle similar claims with other states for more than $50 million.
The settlement resolves the companies’ responsibility for damages caused by releases of historical compounds within or impacting the state, including per- and polyfluoroalkyl substances (generically referred to as PFAS), subject to certain limitations and preservations.
Consistent with the cost-sharing arrangement entered into by the companies in January of this year, of the $50 million, DuPont and Corteva will each contribute $12.5 million and Chemours will contribute $25 million.
“We are privileged to live and work in this great state, and our actions today were very much motivated by our commitment to make a meaningful difference in the community we call home and our historical relationship with the state of Delaware,” Mark Newman, CEO of Chemours, said. “Rather than engaging in protracted and costly litigation, the state and our companies have set aside our differences and come together to put Delaware and its residents first.”
“This settlement could not have been achieved without the goodwill and assistance of all parties,” said Ed Breen, executive chairman and CEO of DuPont. “That goodwill is borne out of the companies’ more than 200-year relationship to the state, its people, and its economy.”
