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  "docSlug": "8f2bf126f524c30adef79c8d33966ec8",
  "documentTitle": "Engine No. 1 | Activist Presentation Deck | 83 slides",
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  "authorName": "Engine No. 1",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2021-05-01 00:00:00",
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  "pageNumber": 30,
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  "slideType": "expose_contradiction",
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  "nDataPoints": 12,
  "notes": "The slide uses a series of overlapping line charts to demonstrate the 'forecast drift' or failure of long-term projections in the face of technological disruption.",
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      "kind": "chart",
      "text": "EIA Annual Energy Outlook Coal Production Forecast (Reference Case)",
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      "text": "While ExxonMobil notes that it took 100 years for coal to be phased out, the actual drop in demand occurred relatively rapidly. In fact, 10 years ago forecasts for coal production were nearly twice as high as today\nCoal primarily competed with natural gas for power generation, and advances in fracking technology drove more recent competition, while global efforts to decarbonize are more recent factors accelerating the trend away from coal",
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      "kind": "source-note",
      "text": "Source: U.S. Energy Information Administration Annual Energy Outlook in each respective year. 2010 Forecast as of 2010 report, 2012 Forecast as of 2012 report, and so forth.",
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      "kind": "title",
      "text": "Coal shows how quickly changes in demand can occur once alternative technologies provide a better product",
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      "evidence": "Uses the historical decline of coal to argue for the potential rapid decline of other fossil fuels.",
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      "arcSlug": "problem-agitate-solution",
      "beatName": "Agitate (Make it worse)",
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      "evidence": "The document highlights the consequences of ExxonMobil's current strategy, including value destruction and lack of progress on emissions reduction.",
      "position": 1,
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      "parentBeatName": "Development",
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      "evidence": "The document highlights the underlying issues with ExxonMobil's strategy and capital allocation, including lack of discipline and poor returns.",
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      "objective": "Reveal the underlying issues with ExxonMobil's strategy and capital allocation",
      "structure": "The Symptom (Visible) -> The System (Hidden) -> The Root Cause",
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