3M reaches tentative pollution settlement of at least $10 billion, Bloomberg reports

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3M reaches tentative pollution settlement of at least $10 billion, Bloomberg reports
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3M Co has struck a tentative settlement of at least $10 billion with a host of U.S. cities and towns to resolve water pollution claims tied to 'forever chemicals', Bloomberg News reported on Friday, citing people familiar with the matter.

an agreement in principle for $1.19 billion to settle claims that they contaminated U.S. public water systems with the potentially harmful chemicals.it would hold 3M liable for polluting the Western Scheldt river with perfluoroalkyl and polyfluoroalkyl substances - dubbed "forever chemicals" because they can last thousands of years in nature without degrading.The U.S.

Several chemical companies are facing thousands of lawsuits in the U.S. over their alleged role in polluting the environment with PFAS, which have in recent years been found in dangerous concentrations in drinking water, soils and foods.

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