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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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  "notes": "Uses a pull-quote from Bloomberg to substantiate the claim of 'greenwashing' or performative investment.",
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      "kind": "image",
      "text": "Diagram of Global Thermostat technology",
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      "kind": "paragraph",
      "text": "ExxonMobil has heavily advertised its investment in a company called Global Thermostat which is pursuing direct air capture, yet this effort is miniscule ($15 million according to Global Thermostat) and appears primarily driven by marketing considerations",
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      "kind": "quote",
      "text": "[Global Thermostat] has featured prominently in ExxonMobil’s commercials on YouTube, Twitter, and Facebook. But Global Thermostat’s achievements haven’t matched its promise ... [A]ccounts suggest the company has been stymied by setbacks and mismanagement since almost the very beginning and has made little progress in deployment over the past decade. They say its biggest accomplishments, including the deals with blue-chip companies, amounted to less than advertised and in some cases have yet to produce anything ... Current and former staffers say it’s unclear exactly what Exxon is doing with Global Thermostat besides advertising it heavily.",
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      "kind": "source-note",
      "text": "Source: Leslie Kaufman & Akshat Rathi (Apr. 9, 2021). A Carbon-Sucking Startup Has Been Paralyzed by Its CEO. Bloomberg.",
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      "kind": "title",
      "text": "Minimal investment in more advanced carbon capture mostly produces advertising",
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