{ "docId": "019de071-041e-72bc-a4a4-b0331dc0dafb", "docSlug": "8f2bf126f524c30adef79c8d33966ec8", "documentTitle": "Engine No. 1 | Activist Presentation Deck | 83 slides", "authorId": "engine-no-1", "authorName": "Engine No. 1", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-05-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 17, "pageCount": 83, "prevPage": 16, "nextPage": 18, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "dense", "nDataPoints": 0, "notes": "Uses pull-quotes from financial news sources to substantiate the contradiction.", "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de071-041e-72bc-a4a4-b0331dc0dafb/17", "deckHref": "/decks/019de071-041e-72bc-a4a4-b0331dc0dafb", "deckJsonHref": "/decks/019de071-041e-72bc-a4a4-b0331dc0dafb.json", "deckAnchorHref": "/decks/019de071-041e-72bc-a4a4-b0331dc0dafb#slide-17", "components": [ { "bbox": { "h": 0.08, "w": 0.7, "x": 0.05, "y": 0.92 }, "kind": "disclaimer", "text": "Sources: Kevin Crowley (Feb 1, 2021). Exxon’s New Carbon Capture Plan Looks a Lot Like Its Old One. Bloomberg. John Biers (Feb 2, 2021). Exxon Mobil Reports Huge 2020 Loss As Changes Draw Mixed Reviews. Barron’s. Mike Lee & Carlos Anchondo (Feb. 2, 2021). ExxonMobil Forms Low C02 division; Invests $3 billion in cutting emissions. E&E News.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0a500a59-7ede-4411-ba67-d4eef31a1c95", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.7, "w": 0.45, "x": 0.05, "y": 0.2 }, "kind": "list", "text": "ExxonMobil claims to be the “global leader” in carbon capture, yet most of this is the necessary separation of CO2 that naturally occurs during the production of methane... This reduces Scope 1 and 2 emissions intensity, not the far larger Scope 3 emissions... Also, much of the CO2 captured is injected into the ground to loosen hard to reach oil, thus increasing total emissions... New “Low Carbon Solutions” business mostly a patchwork of existing projects", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5672c850-330f-43c4-afff-3afeddf40502", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.4, "x": 0.55, "y": 0.7 }, "kind": "quote", "text": "“Last year, the company quietly canceled construction on a high-profile CCS project in LaBarge, Wyo., Bloomberg reported. Exxon said yesterday it’s exploring LaBarge as one of its future CCS projects.” E&E News, February 2, 2021", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "72635290-cfd3-46ff-92fc-b0c761feb5fb", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.4, "x": 0.55, "y": 0.2 }, "kind": "quote", "text": "“Exxon’s new carbon capture plan looks a lot like its old one ... Exxon says LaBarge already captures 7 million tons of carbon dioxide a year, nearly 80% of the company’s total ... Most of the CO2 is ... sold to nearby crude operators to enhance their oil recovery.” Bloomberg, Feb. 1, 2021", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "89c32cc5-bd39-4890-a2c8-353c0dadc8e5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.4, "x": 0.55, "y": 0.45 }, "kind": "quote", "text": "“Andrew Logan, director of the oil and gas program at investor activist group Ceres, said the effort [by ExxonMobil] on carbon capture appeared little more than a ‘repackaging of existing efforts.’” Barron’s February 2, 2021", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c6bf508a-6164-40fd-97b8-d29accdfde16", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.05 }, "kind": "title", "text": "... and fails to accurately portray the relevance of its own carbon capture capabilities", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7bec751d-aaec-49a9-9cd7-304dfdb41ab3", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "ceo-quote-contradiction", "slug": null, "matchId": "c1149f4e-30c4-43fa-b451-1c970eee9720", "evidence": "Contrasts corporate claims with external news reports and expert analysis.", "confidence": 0.9 } ], "arcBeats": [ { "to": 18, "from": 6, "beatId": "428f1603-cf89-4d90-8454-819b7399c38e", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The document identifies ExxonMobil's underperformance and lack of a credible plan for the energy transition as key issues.", "position": 0, "confidence": 0.9, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "loops": [ { "to": 18, "from": 6, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "3b87cdb8-96d7-4b48-b7de-ab9fe415dce3", "evidence": "The document emphasizes the consequences of ExxonMobil's lack of action on the energy transition, including underperformance and value destruction.", "position": 0, "objective": "Highlight the risks of ExxonMobil's inaction on the energy transition", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }