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| Category: Brand Ratings -> Oil Companies -> Sunoco |
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Sunoco Revenue: $44.00 billion
Greenopia Environment Achievement:
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The Commendable: Sunoco has, without a doubt, the best sustainability reporting of any major oil company. Sunoco works with CERES for its transparency and reports both the good as well as the bad (which is rare). Sunoco provides a plethora of easy to understand, high quality data. Every important environmental metric is accounted for in Sunoco’s report. Sunoco has greatly improved its emissions from its baseline year of 1990 and emits about 14.5 million tons of carbon dioxide equivalent each year. Sunoco is also extremely efficient in its water consumption and waste production. Sunoco uses about 11 billion gallons of water each year, which sounds like a lot, but when normalized shows that Sunoco is one of the most efficient in the industry. Sunoco only generates about 7000 tons of hazardous waste each year which is also considerably lower than its competitors. Sunoco has been an industry leader in its efforts in Biofuels and other clean fuels and has a proactive stance on climate change. The Questionable: One thing that jumps out from Sunoco’s reporting is its decrease in overall energy efficiency. Sunoco shows that this is because of one project in particular and that the rest of the company has been getting more efficient, but still this overall trend is not acceptable. Sunoco also had a large number of oil spills in 2007, especially when you normalize their production against someone like Exxon. While the volume of oil spilled was in the middle of the road, the number of incidents was a bit alarming. It is fair to note, however, that Sunoco does recover a large amount of this oil and has been showing steady improvement in the number of spills each year. One other area we would like to see some changes is in its renewable portfolio. Biofuels still have some questionable merits and technologies like solar and wind are much more renewable in a life cycle sense than biofuels. Many of the other top oil companies are looking at greener fuel sources and so should Sunoco. Spills Happen: Sunoco has recently had a spill in its Midwest pipeline which released thousands of gallons of oil into nearby areas. This event took place in February of 2009. Second Opinion: The Sierra Club’s Environmentalist’s Guide to Gasoline had Sunoco as one of the top 2 major companies applauding their alliance with CERES and stance on climate change. The only issues they noted were Sunoco’s 2000 spill in Philadelphia and a fine from 2005. Greenopia Verdict: Sunoco has incredible reporting and is the most transparent oil company we came across. Sunoco should be commended for allowing itself to be scrutinized. Its overall environmental efficiency is good, with a few areas that could be improved. |
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