Web10. sep 2024 · Philadelphia Energy Solutions paid out about $4.6 million in retention bonuses to eight key executives after a devastating June fire closed the giant Schuylkill … Web6. mar 2024 · This recent piece from Reuters’ Jarrett Renshaw explains the truth behind what led to the refiner to bankruptcy: Throughout 2016 and 2024, a rail terminal built to accept crude oil for the largest East Coast refinery often sat idle, with few trains showing up to unload. Although little oil flowed, plenty of money did.
Bankrupt Philadelphia refinery expects second insurance payment
Web9. sep 2024 · 3 Min ReadNEW YORK (Reuters) - Executives of the Philadelphia Energy Solutions oil refinery were paid roughly $4.5 million in retention bonuses after a summer fire that led to the plant’s closure and before the company filed for bankruptcy a few weeks later, court documents show. Web26. mar 2024 · A federal bankruptcy court on Monday approved a plan for Philadelphia Energy Solutions to exit bankruptcy by April 10 at the latest after creditors including the Commonwealth of Pennsylvania and ... how to turn volume on off on instagram
Bankrupt Philadelphia refiner paid execs millions in bonuses just …
Web16. jan 2024 · Its creditors are looking to unload the refinery at a closely watched bankruptcy auction on Friday, as both residents and former workers watch from the sidelines. The pollution threat from the... Web13. mar 2024 · By Jarrett Renshaw PHILADELPHIA (Reuters) - The U.S. Environmental Protection Agency's decision to grant a bankrupt Philadelphia refiner relief from biofuel laws drew criticism on Tuesday from the country's biofuels sector and its allies, who said it sets a bad precedent. The EPA and the Carlyle Group-backed Philadelphia Energy Solutions … Web13. feb 2024 · 6 things to know about the future of the South Philly refinery site. After months of uncertainty following a massive explosion and subsequent bankruptcy, the site of the shuttered South Philadelphia refinery complex is getting a new life. The Philadelphia Energy Solutions refinery is pictured in Philadelphia on Friday, Jan. 31, 2024. oreck vacuums at costco