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 * Climate & Energy


BASF TO PAY $316 MILLION TO SETTLE PFAS 'FOREVER CHEMICALS' US LAWSUIT

By Clark Mindock
May 21, 20245:58 AM HSTUpdated 4 hours ago
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A general view of the German chemical company, BASF Schwarzheide GmbH in
Schwarzheide, Germany, December 10, 2019. REUTERS/Annegret Hilse/File Photo
Purchase Licensing RightsNew Tab, opens new tab
May 21 (Reuters) - German chemical company BASF (BASFn.DE)New Tab, opens new tab
said on Tuesday it reached a $316.5 million settlement with some U.S. public
water systems that claimed toxic “forever chemicals” in firefighting foam made
by the company contaminated their water supplies.
The money provided by the settlement, which must be approved by a federal judge,
will help cities, towns and other public water systems remediate contamination
of perfluoroalkyl and polyfluoroalkyl substances, or PFAS.
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PFAS are a class of chemicals used in thousands of consumer and commercial
products, including firefighting foams, non-stick pans and stain-resistant
fabrics. They have been tied to cancers and other diseases, and are often called
forever chemicals because they do not easily break down in nature or the human
body.
BASF said in a statement that the settlement does not constitute an admission of
liability or wrongdoing, and that it will seek to recover for the settlement
through its numerous insurance policies.
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The company said it will pay about $4 million as part of the settlement in July,
and will pay another $312.5 million in March.
BASF is among nearly two dozen chemical companies that have faced lawsuits
brought by water systems over PFAS pollution in sprawling litigation that has
been centralized in a South Carolina federal court.
The lawsuits focus on PFAS that contaminated groundwater after being sprayed in
firefighting foams at fire houses and airports across the U.S.

In 2023, those lawsuits led to more than $11 billion in settlements between U.S.
water systems and major chemical companies including 3M (MMM.N)New Tab, opens
new tab, Chemours (CC.N)New Tab, opens new tab, Corteva (CTVA.N)New Tab, opens
new tab and DuPont de Nemours (DD.N)New Tab, opens new tab. In April, Johnson
Controls (JCI.N)New Tab, opens new tab unit Tyco Fire Products agreed to a $750
million settlement.
BASF and roughly half a dozen other companies had been tentatively scheduled to
go to trial in early 2025.

“This significant agreement is in large part the result of the pressure of
upcoming trial cases,” attorneys for the water systems at the law firms Douglas
& London, Napoli Shkolnik, Baron & Budd and Motley Rice said in a joint
statement on Tuesday.
“It acknowledges the scope of the PFAS crisis, and the financial depths required
to address a problem of this magnitude," they said.
Beyond the courtroom, PFAS have come under increased regulatory scrutiny in the
United States in recent years as well.

In April, the U.S. Environmental Protection Agency set the first national
drinking water standards to protect people from the chemicals, and designated a
pair of the chemicals as hazardous substances under the nation's Superfund
program.

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Reporting by Clark Mindock in New York; Editing by Bill Berkrot

Our Standards: The Thomson Reuters Trust Principles.New Tab, opens new tab

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