{
  "docId": "019dd923-622c-750b-8b97-d38644983b6e",
  "docSlug": "92406204b1f4",
  "documentTitle": "FleetCor Technologies (FLT)",
  "authorId": "52_Citron_Research",
  "authorName": "Citron Research",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-06-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 5,
  "pageCount": 15,
  "prevPage": 4,
  "nextPage": 6,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 2,
  "notes": "The slide uses a direct quote from the target company followed by a factual audit to expose a discrepancy.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "logo_grid"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b97-d38644983b6e/5",
  "deckHref": "/decks/019dd923-622c-750b-8b97-d38644983b6e",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b97-d38644983b6e.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b97-d38644983b6e#slide-5",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Citron examined the American Carbon Registry in order to audit these projects listed on Clean Advantage’s website and not one of the projects listed on Clean Advantage’s website exists on the American Carbon Registry.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-1ac4-74a6-be1e-8e9a1d3672e8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.15,
        "x": 0.05,
        "y": 0.045
      },
      "kind": "image",
      "text": "American Carbon Registry logo",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "292231c5-f10a-4dc3-8a2e-79182ef46c1f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.9,
        "x": 0.05,
        "y": 0.07
      },
      "kind": "paragraph",
      "text": "GreenPrint has bought ~200,000 old vintage credits from a project already completed; a far cry from “working with” and investing in the carbon offsetting projects themselves.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2bc87de6-383f-4a61-9b1f-a7d0844f8c4b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.9,
        "x": 0.05,
        "y": 0.26
      },
      "kind": "paragraph",
      "text": "According to Clean Advantage’s website, it claims: “When we reduce your fleet’s emissions we work with and invest in projects that have been certified to sequester CO2 from the atmosphere. We follow strict guidelines and protocols and retire certified carbon credits on a leading public registry [American Carbon Registry].”",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "95b2de54-49c4-40e4-927c-1a2a4f6087ad",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.73,
        "x": 0.22,
        "y": 0.42
      },
      "kind": "paragraph",
      "text": "Citron examined the American Carbon Registry in order to audit these projects listed on Clean Advantage’s website and not one of the projects listed on Clean Advantage’s website exists on the American Carbon Registry.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f43787ac-7abf-4ba3-aea3-8ba4eb27ad00",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "“When we reduce your fleet’s emissions we work with and invest in projects that have been certified to sequester CO2 from the atmosphere. We follow strict guidelines and protocols and retire certified carbon credits on a leading public registry [American Carbon Registry].” — Clean Advantage website",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-1ac4-74a6-be1e-921671eca4d1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.45,
        "x": 0.05,
        "y": 0.14
      },
      "kind": "title",
      "text": "The “Clean Advantage” Program Exposed",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6341eb39-96af-455b-b119-8ca45ce87eed",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "f9cff1f7-eeff-4080-93bc-fbc73e55bded",
      "evidence": "The slide systematically dismantles a company's public claim using external audit data.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 8,
      "from": 5,
      "beatId": "99ffbdff-cd2b-4cc2-a599-c020fb30b44c",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Expose Contradiction",
      "beatSlug": null,
      "evidence": "The document exposes contradictions in the 'Clean Advantage' program.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [
    {
      "to": 9,
      "from": 2,
      "name": "Aha Moment",
      "slug": "03-aha-moment",
      "bestFor": "Data-heavy sections, research findings, analytical arguments",
      "matchId": "a3cec2b1-1f12-4474-945d-e37a3f8f1c88",
      "evidence": "The document builds up to a moment of revelation about the program's fraudulent nature.",
      "position": 0,
      "objective": "To reveal the truth about the 'Clean Advantage' program",
      "structure": "The Problem/Question -> What the Data Shows -> The Insight",
      "confidence": 0.7,
      "description": "Establish a tension, present data, then deliver the insight that changes everything"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}