Agriculture
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January 25, 2021
On Friday, three agricultural chemical companies, DuPont de Nemours, Corteva, and The Chemours Company, announced that they entered a memorandum of understanding including a $4 billion settlement regarding their use of “forever chemicals,” toxic chemicals also known as per- and polyfluoroalkyl substances (PFAS).
PFAS chemicals are used to create non-stick or waterproof items as well as carpet, fabric, and firefighting foam. As a result, they are prevalent in some environments and allegedly can cause lasting harm because of their longevity. The legal dispute against these companies reportedly began when Chemours split from DuPont in 2015.
According to the companies’ press release, the agreement replaces a February 2017 settlement and an amendment to the separation agreement between Chemours and DuPont. DuPont and Corteva agreed to pay 50 percent of the expenses and Chemours will pay the other 50 percent. The parties agreed to m
DuPont, Corteva, and Chemours announce resolution of legacy PFAS claims
Companies also settle remaining Ohio multi-district PFOA litigation
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WILMINGTON, Del., Jan. 22, 2021 /PRNewswire/ DuPont de Nemours, Inc. (NYSE: DD), Corteva, Inc. (NYSE: CTVA) and The Chemours Company (NYSE: CC) today announced they have entered into a binding memorandum of understanding containing a settlement to resolve legal disputes originating from the 2015 spin-off of Chemours from E. I. du Pont de Nemours and Company (EID), and to establish a cost sharing arrangement and an escrow account to be used to support and manage potential future legacy PFAS liabilities arising out of pre-July 1, 2015 conduct. The agreement replaces the February 2017 PFOA Settlement and subsequent amendment to the Chemours Separation Agreement. In addition, DuPont, Corteva and Chemours have agreed to resolve the ongoing matters in the multi-district PFOA litigation in
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WUHU, China Air conditioners sped down the assembly line at an appliance factory here on a recent Saturday afternoon, as pop music blared over the din of fans and motors. The workers, mostly 20-somethings in crisp blue uniforms, were working quickly and on track to meet their daily target of 3,300 units.
Stretching the length of a football field, the assembly line in Wuhu was retooled in 2016 to produce hundreds of thousands of climate-friendly air conditioners per year, funded with money from the United Nations. The goal was to help reduce a class of key climate super-pollutants.
Air conditioners now use fluorinated chemical refrigerants. While each air conditioner contains only a small amount of refrigerant, the chemicals eventually make their way into the atmosphere, as the devices slowly leak or are destroyed at the end of their useful life. Those emissions add up and wreak havoc. As greenhouse gases they are hundreds to thousands of times more potent than