Sunoco
Sunoco is a large U.S. oil company headquartered in Philadelphia, Pennsylvania. It operates five refineries and has over 5,000 miles of pipeline. Brands are Sunoco, Ultra Service Centers, and APlus convenience stores. The company also makes chemicals and mines coal for coke processing. [1]
In June 2010, Sunoco said it plans to break off its coal-producing unit, SunCoke Energy, from the company early 2011 to focus on its transportation fuel and oil processing business. The coal unit has facilities in Virginia, Indiana, Ohio, and Illinois capable of producing 3.7 million tons annually of coking coal. It is also the operator of a facility in Brazil that produces 1.7 million tons annually. Its coal business earned $180 million in 2009 on revenue of $1.12 billion. The company said it is reviewing options for how the breakup will occur, including a spinoff to Sunoco shareholders. The move follows the refiner's $350 million sale of its chemicals business in early 2010 to Brazil's Braskem SA.[2]
- President - Lynn Laverty Elsenhans
Contents
Political contributions
Sunoco is one of the largest energy company contributors to both Republican and Democratic candidates for Congress. These contributions total $332,050 to the 110th US Congress (as of the third quarter), the largest of which has been to Rep. John Dingell (D-MI) for $10,000. Rep. Dingell, for his part, has been a strong supporter of the oil industry on energy, war and climate bills.[1]
Contributions like this from fossil fuel companies to members of Congress are often seen as a political barrier to pursuing clean energy.
More information on oil industry contributions to Congress can be found at FollowtheOilMoney.org, created by the nonpartisan, nonprofit organization Oil Change International.
Sunoco gave $249,500 to federal candidates in the 2006 election through its political action committee - 29% to Democrats and 71% to Republicans.
[3]
Lobbying
The company spent $780,000 for lobbying in the first half of 2007. Seven lobbying firms were used including Podesta Group and Williams & Jensen. [4]
Personnel
Key executives and 2006 pay: [5]
- John G. Drosdick, Chairman and Chief Executive Officer
- Thomas W. Hofmann, Chief Financial Officer, $970,000
- Michael H.R. Dingus, President of Sun Coke Company, $756,000
- Bruce G. Fischer, Senior Vice President of Sunoco Chemicals, $787,000
Selected members of the Board of Directors: [6]
- Ursula O. Fairbairn, Retired Executive Vice President, American Express Company
- John W. Rowe, Chairman, President and Chief Executive Officer, Exelon Corporation
- John K. Wulff, Retired Chief Financial Officer, Union Carbide Corporation
Contact details
1735 Market Street
Suite LL
Philadelphia, PA 19103
Phone: 215-977-3000
Fax: 215-977-3409
Web: http://www.sunocoinc.com
Related SourceWatch articles
References
- ↑ Sunoco Profile, Hoovers, accessed October 2007.
- ↑ "Sunoco to Split Off Coal Unit" The Wall Street Journal, June 16, 2010.
- ↑ 2006 PAC Summary Data, Open Secrets, accessed October 2007.
- ↑ Sunoco lobbying expenses, Open Secrets, accessed October 2007.
- ↑ Sunoco Key Executives, Yahoo Finance, accessed October 2007.
- ↑ Board of Directors, Sunoco, accessed October 2007.
