BP Special Resolution
2004 - Protected Areas
U.S. PIRG Education Fund
March 4, 2004
Purpose
of This Memorandum | News
Release
Download the memorandum.
Purpose
of This Memorandum
"In some places,
such as the Arctic Refuge, the wildlife and natural values are so magnificent
and so enduring that they transcend the value of any mineral that might lie
beneath the surface. Such minerals are finite. Production inevitably means changes
whose impacts will be measured in geologic time in order to gain marginal benefits
that may last a few years."
– Interior Secretary Cecil Andrus, in a 1978 speech before the Outdoor Association
of America.
During the month of December
2003, the U.S. Public Interest Research Group (U.S. PIRG) Education Fund organized
a coalition of concerned organizations, investors, and active shareholders to
co-file a Special Resolution with BP to be voted upon at the Annual General
Meeting in London on April 15, 2004. This Special Resolution relates to BP operations
within protected and sensitive areas, in particular the Arctic National Wildlife
Refuge, and the possibility of adopting a no-go zone policy for such areas of
importance.
U.S. PIRG Education Fund
has composed this memorandum to educate investors and concerned individuals
about our Special Resolution, as well as our campaign to protect the Arctic
Refuge. Included you will find an explanation of why we have chosen to file
a Special Resolution with BP on the issue of drilling in protected areas such
as the coastal plain of the Arctic Refuge, as well as provide individuals the
following information: background information on the Arctic Refuge, documentation
of BP’s poor record on Alaska’s North Slope, the text of the 2004 Special Resolution
and Supporting Statement, and a list of co-filers.
