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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": "The slide uses a 'problem-solution' structure, highlighting the lack of board expertise as the root cause of the company's failure to reposition.",
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      "text": "ExxonMobil has no plan to reposition for the future and relies instead on misleading arguments about its emissions and carbon capture capabilities, yet argues that we must produce a detailed business diversification plan from the outside looking in",
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      "text": "This underscores the key problem: Repositioning for the future will be a massive internal effort requiring a wide array of skills, but there is literally no one on the Board with a record of profitable and transformative energy industry success, which is required along with general business expertise",
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      "text": "Adding this experience will enable the Board to begin the hard work of ensuring ExxonMobil has a place in the future of energy, which we believe includes: Fully exploring new growth areas with the benefit of relevant Board expertise; Leveraging this effort, together with improved capital allocation discipline, to set long-term total emissions reduction targets that are truly Paris consistent; Developing a realistic carbon capture approach that acknowledges that gas separation is not “leading” carbon capture technology and that even advanced carbon capture is unlikely to save its business model; Committing to more robust and independently verified methane reduction efforts including GMPO 2.0",
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      "text": "Long-Term Strategy – Focus on profitability today while pragmatically repositioning for the future",
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