On Wednesday, Forbes reported that Credit Suisse, a participant in Keep Your Promises’ June 9 Investor Briefing regarding Chemours’ understated liabilities, recognizes the prospect of the spinoff company’s environmental liabilities more than doubling, mainly as a result of ongoing suits in connection to DuPont’s contamination with C-8 in the mid-Ohio Valley.… Read More
Atomic bombs, leaded gasoline, Teflon: DuPont Co. built materials that powered the products defining American industrial and military might in the 20th century.
Jobs have been scaled way back at old DuPont sites along the Delaware, Ohio, and other great rivers. But the plants remain home to caustic and cancer-causing byproducts, held back by pumps, pipes, and barriers, not to mention litigation and negotiations with local governments, community groups, and regulators.
Who’s going to manage these long-term threats, now that DuPont is spinning off old chemical units into a smaller new company, Chemours, on July 1?… Read More
Chemours mgmt (trading CCWI—when issued until 7/1 when it will trade under the ticker CC after the spin-off from DD) hosted a sell-side analyst day giving details on CC and the industries they serve (TiO2, Fluoro Chems/Polymers, Chemical Solutions that include cyanides, sulfur products and other). We came away with the following outtakes:… Read More
Read our presentation and learn why the Chemours spinoff is a bad deal for stakeholders, victims, employees, and the environment… Read More
On Tuesday, June 9th, Keep Your Promises hosted a Chemours investor briefing.
Couldn’t make the call? Listen to the Chemours investor briefing here and get the facts about why DuPont’s proposed Chemours spinoff is a bad deal for investors and the numerous communities it’s already harmed.… Read More
On Tuesday, June 9th, Keep Your Promises hosted an investors briefing about the proposed Chemours spinoff. Get the facts for yourself by reading our transcript. … Read More
Read our letter to the SEC highlighting Chemours’ hidden potential liabilities.… Read More
A recent Environmental Working Group (EWG) report called Poisoned Legacy identifies a huge potential liability from the new C-8 replacement chemical.… Read More
The credit ratings agency Moody’s has evaluated Chemours. Moody’s concluded that “a pattern of adverse [PFOA] jury decisions could heighten the risk that a meaningful liability accrues to Chemours related to this problem.” Other constraints include:
High financial leverage;
A high anticipated dividend payout relative to earnings and cash flow…… Read More
A failed Chemours spinoff wouldn’t be the first time DuPont failed to keep its word.
For decades, the company put the health of thousands of people throughout the mid-Ohio at risk. Their use of the chemical C-8 has been linked to kidney cancer, thyroid disease and colitis, and the full extent of the damage has yet to be discovered.… Read More