This field is for validation purposes and should be left unchanged. But DuPont’s shift of its PFAS liabilities to Chemours has drawn its own raft of litigation. Her grandfather and father both worked at the sprawling plant, known as the Chambers Works, which covers 1,400 acres of riverbank in the shadow of the bridge to Delaware. DuPont knew and intentionally hid the scope of the liabilities when it dumped them into Chemours, the company alleged. When the time comes to pay for the cleanup, the liability may overwhelm these new companies. Chemours’ net worth — its assets minus liabilities — stood at just $695 million as of Dec. 31, 2019. Last year, in a suit against PFAS makers, the New Jersey Department of Environmental Protection contended, like Chemours, that DuPont’s transfer of its chemical business was fraudulent and an attempt “to insulate itself from billions of dollars of legacy pollution liabilities” associated with the chemicals. In a statement provided to NBC News, DuPont spokesman Turner denied that the Chemours spin-off was an attempt to evade environmental and legal liabilities associated with PFAS. DuPont knew and intentionally hid the scope of the liabilities when it dumped them into Chemours, the company alleged. Chemours, with primary responsibility for the estimated tens of billions of dollars in PFAS obligations, does not have anywhere near the money or assets to cover them. This is the type of liability that can weigh heavily on a company’s share price. This practice is prevalent in both the chemicals and energy fields. DuPont’s chief operating and engineering officer, Daryl Roberts, however, said his company endorses regulation of two specific types of the chemicals – PFOA and PFOS. ... and don’t melt in high temperatures. DuPont concedes that it knew about the risks. In response, DuPont says Chemours executives were well aware of the PFAS problems at the time of the spin-off and could not have been duped. DuPont has already entered into roughly $400 million of PFAS settlements already and faces scores of additional lawsuits. For its part, DuPont denies that it is consciously trying to avoid having to pay for the contamination that it caused. As a result, elastomers are used in a myriad of products, from hoses and cables to adhesives and clothing. A 2019 study by the Social Science Environmental Health Research Institute at Northeastern University and the Environmental Working Group, a nonprofit focused on the environment, identified at least 610 locations in 43 states that are known to be contaminated by PFAS, including drinking water systems serving an estimated 19 million people. For decades, DuPont manufactured PFAS-type chemicals in a plant close to Andrews’ home in this tiny South Jersey town on marshy land near the Delaware River. In effect, these companies are using a corporate transaction to get out of paying what they owe for the damage they have caused. Another is 3M, headquartered in Minneapolis. As a result, they may be to blame for its discharge into the environment. A National Law Firm With Dedication, Persistence, And Vision. A second spin-off was Corteva Inc., in 2019, an agriculture science company that holds other legacy DuPont operations and some PFAS liabilities. featuring Phil Brown, Consumer Reports: Why Dangerous ‘Forever Chemicals’ Are Still Allowed in America’s Drinking Water featuring Alissa Cordner, Environmental Health News: Op-ed: PFAS chemicals—the other immune system threat by Phil Brown and colleagues, Study Coordinator for CDC-funded water contamination and health study, Next National PFAS Conference Postponed to June 2022, 2019 National PFAS Conference at Northeastern University ‘You’re seeing it again and again,’ said Clark Williams-Derry, an analyst with the Institute for Energy Economics and Financial Analysis. Englewood, NJ 07631
How DuPont may avoid paying to clean up a toxic ‘forever chemical’ Large manufacturers often disavow responsibility for health problems allegedly tied to their products, forcing consumers to bring lawsuits. Turner declined to say whether PFAS responsibilities would ultimately revert to DuPont if Chemours and Corteva are unable to pay them. ‘The reason for the spin-off,’ Turner said, was that DuPont ‘was seeking to transform itself into a higher growth, higher value company’ and “saw more growth opportunities in its other businesses.’. New York, NY 10022
Either way, it will be both the local jurisdictions as well as the taxpayers who are left holding the bag. Jeff Tittel, senior chapter director of the New Jersey Sierra Club, has watched DuPont’s moves with concern. www.google.com/amp/s/www.nbcnews.com/news/amp/ncna1138766, If You Don’t Know, Now You Know | Toxic PFAS Chemicals, Air Contamination From ‘Forever’ Chemicals Sparks Concern – WSJ. Please note that you are not considered a client until you have signed a retainer agreement and your case has been accepted by us. CANCER How DuPont may avoid paying to clean up a toxic ‘forever chemical’ ... used widely for decades in products like Teflon pans, stain-resistant carpets, even cosmetics ... DuPont and 3M both face lawsuits over problems allegedly linked to PFAS. For its part, DuPont denies that it is consciously trying to avoid having to pay for the contamination that it caused. These companies that have assumed the cleanup responsibility do not have the necessary funding to underwrite what may be a gigantic bill. DISCLAIMER Roshni Khatri / for NBC News, Read the full article by Gretchen Morgenson (NBC News), “Robin Andrews of Pedricktown, New Jersey, has been fighting an autoimmune disease and thyroid condition for the past three years, suffering severe dental problems, hair loss and other symptoms. They could declare bankruptcy as a way of getting out of the full cost of remediation. The chemicals can also cause birth defects and high cholesterol. On Wednesday, the EPA disclosed it ‘has multiple criminal investigations underway concerning PFAS-related pollution.’ The agency did not identify the entities being investigated and it could not be determined if DuPont is one of them. If Chemours becomes insolvent, Corteva Inc. will be responsible, corporate filings show. In a complaint filed last year against DuPont by Chemours, it contended that the 2015 deal was fraudulent. In this case, DuPont gave up 19 percent of the company’s business operations while ridding itself of 90% of the PFAS liability. According to DuPont, any effect on its potential PFAS liability is incidental as opposed to being the driving factor behind these moves. DuPont and 3M both face lawsuits over problems allegedly linked to PFAS. Observers have noticed a disturbing pattern in DuPont’s corporate transactions. One of the companies that have been mentioned as a large-scale source of the PFAS solution is the chemical giant DuPont. Spin-offs are a sophisticated way of pawning off the risks on the company’s own shareholders who received shares in the newly created companies. Jun 16, 2017 - We use science and innovation to help help create products for almost every aspect of human life, from water solutions, to animal nutrition, and printing and packaging DuPont is not the only PFAS manufacturer under scrutiny. With internal documents evidencing this, it could hardly deny this fact. Both companies stopped making PFAS over a decade ago. Still, the company has engaged in multiple spin-offs. – Videos PFAS chemicals permeate dozens of local areas so the costs may be considerable. DuPont knew and intentionally hid the scope of the liabilities when it dumped them into Chemours, the company alleged. A lawyer for Chemours declined to comment. The civil lawsuits have alleged that DuPont has known that PFAS is toxic for over five decades. Because of the two other spin-offs, new DuPont is two steps removed from PFAS obligations. 1-800-810-3457, 641 Lexington Avenue, 15th Fl. That’s because a major manufacturer, DuPont, recently unloaded its PFAS obligations to smaller companies that do not have the money to pay for them. DuPont and 3M both face lawsuits over problems allegedly linked to PFAS. A 2019 study showed that nearly 20 million people are known to be exposed to PFAS in their water supply. All the toxic chemicals that companies like DuPont use to manufacture their products won’t simply dissipate in the air, but they find their way into our air, water and food supply. Here is a list of companies that you should absolutely avoid if you don’t want to eat Monsanto-created food products: As a result of the transactions, responsibility for environmental obligations associated with the chemicals shifted onto other entities. Pinpointing liability for ailments that may be linked to toxic products is never easy. 3M is fighting the suits and says it is cooperating with government investigators. The scope of the PFAS problem is still becoming known. The first shift by DuPont occurred in 2015, when it assigned the great majority of liabilities associated with PFAS to The Chemours Company, a new entity containing DuPont’s chemicals business that was spun off to its shareholders. In February, the EPA put out a proposal to regulate two of the most common PFAS chemicals found in drinking water and is asking for comment on how to monitor them.