Sen. Steve Sweeney’s legislation requires oil companies that shut down facilities to hand over any tax appeal proceeds to the state for environmental cleanup.
A Texas-based energy company has offered to buy Sunoco for $5.3 billion but says it will keep a strong Philadelphia presence.
An Indian company which announced plans to buy and dismantle the Sunoco “Eagle Point” refinery in Westville, NJ and move it overseas does not appear to have lined up financing for the project.
Union workers gathered outside Sunoco’s annual shareholders’ meeting in center city Philadelphia to voice fears that the company may close its two area refineries.
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