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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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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2021-05-01 00:00:00",
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  "pageNumber": 35,
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  "notes": "Uses a line chart to compare two different company reports (2020 vs 2021) to highlight data revisions and poor performance trends.",
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      "text": "Upstream Emission Intensity – Scope 1 & 2 (in tonnes of CO2 per 100 tonnes of production)",
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      "text": "Upstream emission intensity has worsened over the last decade, increasing 26% in 2019 vs. 2009\nExxonMobil has set a target of reducing upstream intensity by 15-20% by 2025 (vs. 2016 baseline), which is 6-8% higher than 2009-2010\nExxonMobil’s refusal to join the Oil and Gas Methane Partnership (OGMP) 2.0, which requires verified emissions reduction reporting versus using theoretical engineering calculations, calls the legitimacy of its goals into further question",
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      "text": "Source: ExxonMobil Energy and Carbon Summary 2020 and 2021. 2025 target intensity assumes a 17.5% intensity reduction (mid point of 15-20% target) from 2016; assumes reduction is for all assets vs. company operated assets. 2020-24 estimates assume a linear decline in intensity.",
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      "kind": "title",
      "text": "Even by its own limited standards, ExxonMobil has gone backwards and aims to do worse in 2025 than 2010",
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      "evidence": "Exposing the contradiction between stated goals and historical performance data.",
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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.",
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