Philadelphia Energy Solutions filed for Chapter 11 bankruptcy protection, the company said on Monday, its second such filing in less than two years, after a fire last month prompted it to close the largest refinery on the U.S. East Coast.
U.S. President Donald Trump on Monday slammed Puerto Rico's governor and blasted the U.S. territory's leaders, accusing them of wasting billions of dollars of hurricane disaster relief aid as protests swelled across the island.
Hundreds of thousands of people filled San Juan streets on Monday to demand that Puerto Rico Governor Ricardo Rosselló resign over offensive chat messages, the latest scandal to hit a bankrupt island struggling to recover from deadly 2017 hurricanes.
U.S. President Donald Trump on Monday slammed Puerto Rico's governor and blasted the U.S. island territory's leaders, accusing them of wasting billions of dollars of hurricane disaster relief aid.
Philadelphia Energy Solutions has been seen selling biofuel credits, called Renewable Identification Numbers (RINs), in the months leading up to filing for Chapter 11 bankruptcy protection, market sources said.
Philadelphia Energy Solutions (PES) filed for its second Chapter 11 bankruptcy in less than two years on Sunday, a court filing showed, a month after a fire and explosion led to the permanent shutdown of the biggest oil refinery on the U.S. East Coast.
Puerto Rico's governor on Sunday said he would not seek re-election next year but refused to resign as the island braced for more protests by demonstrators demanding he step down over offensive chat messages.
Puerto Rico Governor Ricardo Rossello said on Sunday he would not run for re-election and would step down as the head of his New Progressive Party following nine days of sometimes violent protests over leaked text messages.
Several U.S. Democratic presidential candidates and lawmakers on Friday demanded Puerto Rico's governor step down over offensive chat messages, as thousands on the Caribbean island staged a seventh day of protests to seek his resignation.
Puerto Rico's embattled governor came under growing pressure to resign or be impeached on Friday after the leak of hundreds of vulgar and offensive chat messages, as the Caribbean island's trade unions staged another protest march in San Juan.
A dark cloud of impeachment has threatened President Donald Trump for many months, with Democrats in the U.S. House of Representatives, where any such effort to remove him from office would begin, divided about whether to proceed.