3M Windfall for PFAS Impacted Water Systems

21 Jul 2023
Quick Read / 2 pages
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On 22 June 2023, Minnesota-based 3M agreed to pay up to US$12.5 billion to settle hundreds of lawsuits brought by 531 U.S. cities. The tentative class-action settlement aims to recoup the cost for public drinking water systems to install treatment systems that address per- and polyfluoroalkyl substance (PFAS) contamination. With court approval, the settlement will be paid out over 13 years.

In this Research Note:

  • Settlement funding will mostly benefit larger systems with higher PFAS contamination
  • Bluefield’s PFAS forecast doubles on heels of tightening EPA maximum contaminant levels, settlement

  • Focus on PFAS regulations and litigation shifts toward industry responsibility

Companies Mentioned

3M

Related Podcast

 
6 Dec 2022  |  Episode #62 with Keith Hays, Lauren Balsamo

PFAS: Where Is the U.S. Water Market and beyond Headed? 

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