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  "documentTitle": "Engine No. 1 | Activist Presentation Deck | 83 slides",
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  "authorName": "Engine No. 1",
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  "presentationDate": "2021-05-01 00:00:00",
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  "pageNumber": 16,
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  "notes": "The slide uses a donut chart to visualize the insignificance of carbon capture relative to total emissions.",
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      "kind": "chart",
      "text": "ExxonMobil's Carbon Capture of 6.8Mn tons is <1% of its Annual Emissions of 690Mn tons of CO2",
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      "text": "It is true that the IPCC and IEA have said that carbon capture is critical for a 2° C pathway, but they have made clear that it is not a substitute for dramatically reducing conventional fossil fuel usage. While ExxonMobil has trumpeted carbon capture, its actual carbon captured has changed little. All of the world's existing carbon capture projects can capture less than 0.1% of global emissions. Projects to reduce Scope 3 emissions are incredibly costly and prone to failure, and heavily dependent upon government subsidies. In short, even the most advanced carbon capture is highly unlikely to enable ExxonMobil to avoid transforming its business model over the long-term",
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      "kind": "quote",
      "text": "It is important to note that carbon removal technologies are not an alternative to cutting emissions or an excuse for delayed action. — International Energy Agency (IEA) (2020)",
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      "kind": "source-note",
      "text": "Quote Source: IEA. Going Carbon Negative: What Are the Technology Options? (January 31, 2020) Sources: Chart and Table Source: ExxonMobil 2021 Energy and Carbon Summary.",
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      "text": "CO2 captured for storage by ExxonMobil: 6.9, 6.9, 6.3, 6.6, 7.0, 6.8 (2014-2019)",
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      "text": "ExxonMobil paints an unrealistic picture of the likelihood that carbon capture will obviate the need for change ...",
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