Memo 1

ClientEarth warns BP directors of potential lawsuits under the UK shareholder compensation framework if BP's claim that its base case is the "most likely path for energy to 2035" is found to be misleading or reckless, especially if internal evidence contradicts this public statement.

• ClientEarth asserts that BP's claim that its base case is "the most likely path for energy to 2035" contradicts various independent analyses of oil demand growth, including those from other companies in the same industry.
• BP and its investors are warned that the UK shareholder compensation framework, established by the Financial Services and Markets Act 2000, allows shareholders to seek recovery for losses resulting from reliance on misleading information.

APA

Cooke, D. (2017). Memo 1. ClientEarth. https://www.clientearth.org/media/gaql1owy/bp-agm-question-2017-ce-en.pdf

Chicago

Cooke, Dave. Memo 1. ClientEarth, 2017. https://www.clientearth.org/media/gaql1owy/bp-agm-question-2017-ce-en.pdf.

Wikipedia

{{cite press release |last1=Cooke |first1=Dave |title=Memo 1 |publisher=ClientEarth |date=17 May 2017 |url=https://www.clientearth.org/media/gaql1owy/bp-agm-question-2017-ce-en.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{cooke2017memo, author = {Cooke, Dave}, title = {{Memo 1}}, publisher = {ClientEarth}, year = {2017}, month = may, url = {https://www.clientearth.org/media/gaql1owy/bp-agm-question-2017-ce-en.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }