LYCOS RETRIEVER
Sunoco: Oil
built 653 days ago
The initial review of Sunoco’s lubrication program revealed some disturbing facts about current practices. Oil was stored at a variety of locations throughout the plant. In fact, some of the oil was stored in areas containing large amounts of dust and debris. Other oil was stored in buildings with leaky roofs permitting rainwater to cover the tops of the oil drums every time it rained. Some oil containers were stored in an area where metal grinding, machining and welding were performed. In all instances, the new lubricant was contaminated before it left the shop.
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Sunoco Inc. (SUN) opened at 81.84. So far today, the stock has hit a low of 81.52 and a high of 84.83. SUN is now trading at 83.85, up 1.40 (1.70%). The stock hit its 52 week high of 86.40 in June and set its 52 week low of 56.68 in January. SUN lost some ground at the end of 2006 but has been on a sharply rise this year. Shares of Sunoco have been trading up today due to rising crude oil prices.
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Among oil corporations, Sunoco and BP are listed as the most environmentally responsible in the latest version of the Sierra Club's Updated Environmentalist's Guide to Gasoline[1]. Sunoco is ... the only oil company to sign the Coalition for Environmentally Responsible Economies (CERES) principal and as part of this agreement, Sunoco has made all of its environmental activities -- both successes and failures -- publicly available.
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