400 Jobs For This?

[FOTD]

Demons were hoping for the terminal....not to be confused with going terminal.

Sunoco refinery sale set for June
The Dallas buyer's plan includes a $215 million upgrade.
http://www.tulsaworld.com/business/article.aspx?subjectid=49&articleid=20090417_49_A1_Tieilv171134


Coupled with this:

U.S. says greenhouse emissions endanger human health
http://news.yahoo.com/s/nm/20090417/ts_nm/us_climate_usa_endangerment_9

NOT GOOD!

[TURobY]

I'm confused... they are making the upgrades which will reduce emissions AND they are keeping the employees. Doesn't that pretty much equal a win-win for Tulsa?

[waterboy]

Not only that but they overtly assumed the responsibility for past site damage. They specifically noted that. I would have preferred a tanker distribution operation but this saves more jobs and upgrades facilities. Few people felt like the refinery could ever be sold or closed because of the inherited cost of a century of operation. Unless this is a shell game that transfers those obligations to a company that has no hope of success and no assets to draw upon. From what I can tell this is a healthy company.