The Dow Chemical Co. has agreed to pay more than $1.3 billion to settle a lawsuit accusing the company of dumping toxic chemicals into wetlands in Florida.
In December of 2016, the Dow dumped nearly 1.5 million tons of a chemical called dioxin in the Everglades and surrounding wetlands, according to the settlement, which was approved by a federal court in New York City.
The settlement covers a wide range of toxic chemicals, including those used to produce pesticides, and was approved in September.
The company is also admitting to using other toxic chemicals for years in the United States.
The company will pay $1,500 per ton of dioxins in cash and $1 million in disgorgement of profits and penalties.
It will also pay $921,000 to the state of Florida for environmental damages.
The deal requires the company to stop using toxic chemicals in Florida, and it is required to conduct community outreach to help inform people about dioxis and other toxic chemical use.
The settlement does not require the company or its contractors to change how they use chemicals.
Dow was already subject to a similar settlement last year for toxic chemicals used in the company’s pulp and paper business.
Dow’s deal with Florida’s Department of Environmental Protection (DEP) was the largest settlement in the state’s history.
The DEP announced that it was investigating the company for alleged violations of environmental laws, including dioxi and benzene.
In March, the DEP also asked Dow to pay $400,000 in compensation to two families that settled a lawsuit against the company.
Dow settled with the families in February for an undisclosed amount, according in a statement.