Sunoco, ConocoPhillips refinery closings present dangers, unions say
Union leaders from the three Philadelphia-area oil refineries that have been closed or will be closed soon said Thursday that federal and state elected officials should be asking the CEOs of the companies that own the refineries why they're being closed.Read more
#1 Jan 7, 2012
Behind this NEWS is the EPA
You read and judge!
By Dwight Baker
Sunoco plans to shut down the Philadelphia refinery by July if it canít sell the facility, which the USW says employs about 900, including 600 union members, as well as another 300 contractors.
Houston-based ConocoPhillips (NYSE:COP) said in September that it had decided to sell the Trainer refinery based on the amount of money it would have to invest in the facility to make it competitive.
Sunoco is exiting the refining business to concentrate on gasoline retailing and oil and oil-product storage and shipping through a publicly traded partnership it controls, Sunoco Logistics Partners LP.(NYSE:SXL)
Sun walked away from an environmental nightmare refinery in my hometown Duncan Oklahoma 20 maybe 30 years ago. That is the way BIG uncontrolled business does it business.
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