The Associated Press

One of the world's largest fertilizer makers is settling a massive hazardous waste lawsuit for nearly $2 billion to help clean up pollution and upgrade leaky facilities in Florida and Louisiana, according to the U.S. Department of Justice.

The department and the U.S. Environmental Protection Agency were set to announce the agreement with Minnesota-based The Mosaic Co. on Thursday. The deal still needs to be finalized by the court.

The legal agreement concerns the proper storage and disposal of more than 60 billion tons of hazardous waste.

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