{
  "docId": "019dd923-622b-71dc-a6dc-f627b2cd690f",
  "docSlug": "d5cf668f7ec6",
  "documentTitle": "BP plc (BP)",
  "authorId": "23_Bluebell_Capital",
  "authorName": "Giuseppe Bivona and Marco Taricco",
  "documentKindSlug": "shareholder-letter",
  "documentKindLabel": "Shareholder letter",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-07-23 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.70656973,
  "pageNumber": 4,
  "pageCount": 20,
  "prevPage": 3,
  "nextPage": 5,
  "slideType": "problem_statement",
  "function": "diagnose_problem",
  "density": "overcrowded",
  "nDataPoints": 0,
  "notes": "The slide uses a narrative structure to expose corporate misconduct and legal failure.",
  "elementsJson": [
    "paragraph",
    "quote_block"
  ],
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6dc-f627b2cd690f/4",
  "deckHref": "/decks/019dd923-622b-71dc-a6dc-f627b2cd690f",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6dc-f627b2cd690f.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6dc-f627b2cd690f#slide-4",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.7,
        "x": 0.15,
        "y": 0.68
      },
      "kind": "callout",
      "text": "the planning permission is unlawful because [A1.3c] the Defendant failed to take into account an obviously material consideration, namely addressing whether it was approving more panels over a larger area than were required to produce the stated (and a lawful) electricity generating capacity.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "95cab0c5-9edf-40d4-92ab-e459df0371a0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "BP, operating through its subsidiary Lightsource BP... unlawfully obtained authorization from the County Durham Council to build a solar farm at Burnhope by claiming it was below 50 MW, when it was actually a 76 MW plant.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-3f40-73bb-a5fe-0b0781b4cea2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.7,
        "x": 0.15,
        "y": 0.54
      },
      "kind": "paragraph",
      "text": "Mr. Galloway initiated legal action - Between: THE KING (on the application of IAN GALLOWAY) (Claimant) and DURHAM COUNTY COUNCIL (Defendant) and LIGHTSOURCE SPV 215 LIMITED (the interested party) - asking the judge to annul the authorization granted by Durham County Council, as it was based on incorrect representations made by BP. On February 21st, 2024, the judge recognized that the authorization was \"unlawful\" and ordered its revocation:",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "366014c8-c7e2-4db2-b7b7-e7f5940276b0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.7,
        "x": 0.15,
        "y": 0.23
      },
      "kind": "paragraph",
      "text": "Solar farms exceeding 50 MW are subject to greater scrutiny, due to their complexity, broader impacts on infrastructure, environment, community, and health and safety risks. Extensive consultations and assessments are also required for such projects to ensure alignment with national energy policies and objectives. This is why larger projects require a very different (of an increased) level of scrutiny, compared with smaller ones.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "43ff6694-bd7a-464a-9a94-3e38d61783db",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.7,
        "x": 0.15,
        "y": 0.46
      },
      "kind": "paragraph",
      "text": "Upon examining the project approved by Durham County Council in November 2023, despite strong local opposition, local resident Mr. Galloway indeed discovered that BP had misrepresented the solar farm as being below the 50 MW threshold, when it was in fact a 76 MW project.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "715595f2-f400-4a78-a243-e318c116b47a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.7,
        "x": 0.15,
        "y": 0.36
      },
      "kind": "paragraph",
      "text": "BP, operating through its subsidiary Lightsource BP, of which it owns 49.97% and has already announced the purchase of the remaining 50.03%, unlawfully obtained authorization from the County Durham Council to build a solar farm at Burnhope by claiming it was below 50 MW, when it was actually a 76 MW plant.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "aff293e0-4360-433e-883a-62ecba5e2734",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.7,
        "x": 0.15,
        "y": 0.14
      },
      "kind": "paragraph",
      "text": "For background, according to Section 15 of the Planning Act 2008, any plant exceeding 50 MW qualifies as a 'Nationally Significant Infrastructure Project' and therefore requires authorization not from local authorities but directly from the Secretary of State for Energy.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b6e6a906-e1cb-4fdf-9eff-9345b2baa38e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "the planning permission is unlawful because [A1.3c] the Defendant failed to take into account an obviously material consideration, namely addressing whether it was approving more panels over a larger area than were required to produce the stated (and a lawful) electricity generating capacity. — High Court Judge",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-3f40-73bb-a5fe-0ee7d7f7ac88",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.7,
        "x": 0.15,
        "y": 0.08
      },
      "kind": "title",
      "text": "1. The Background: BP's First Unlawful Attempt to Build a 76 MW Solar Farm at Burnhope (County Durham)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d42b97c9-3456-41a9-ae26-b70fd64a17d1",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 10,
      "from": 4,
      "beatId": "885134a8-095f-451a-9c7b-5d545567b761",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Struggle",
      "beatSlug": "overcoming-monster-the-struggle",
      "evidence": "The document presents the struggles and challenges faced by shareholders due to the Board's actions",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}