New Jersey’s attorney general says chemical manufacturer 3M has agreed to pay up $450 million to resolve lawsuits over natural resource contamination stemming from PFAS — commonly referred to as “forever chemicals.

M has agreed to pay New Jersey up to $450 million to settle a claims accusing the Minnesota-based company of widespread contamination from so-called forever chemicals, which have affected drinking water in the state.

Investors don’t seem to understand the significance of 3M’s recent PFAS settlement with New Jersey, according to BofA Securities.