Engine No. 1 Activist Presentation Deck
Latest advertising blitz regarding a theoretical and
unfunded carbon capture project lacks any real substance
ā
ExxonMobil recently released ads touting a
$100 billion carbon vaporware capture project
This appears to be another attempt to shift
focus from long-term risk facing ExxonMobil
There are no specifics and no discussion
of where this funding would come from
- ExxonMobil's expertise is primarily in gas
separation not deep decarbonization
-
The entire concept is reliant on the concept
of a carbon tax, which has little chance of
passage currently in the US, and would
decimate oil and gas demand if it did
Even if this were an actual project versus a
press release, the IPCC and IEA have made
clear such projects must be in addition to
dramatic reductions in emissions
hoo
"[ExxonMobil] has consistently paid lip
service to a carbon tax since 2009 ...
But more telling is the fact that the oil
giant has never publicly supported a
carbon tax bill and consistently funds
members of Congress who oppose a
carbon tax. How does that square with
the company's avowed position? It
doesn't."
Union of Concerned Scientists, July 31,
2018
Menurme
"As further tradeoff for the new tax, the
plan would dismantle all major climate
regulations, including the Environmental
Protection Agency's authority over CO2
emissions and an 'outright repeal' of the
clean power plan."
The Guardian, June 20, 2017
ā
Source: Elliott Negin (July 31, 2018). ExxonMobil's Support for a Carbon Tax is a Sham. Union of Concerned Scientists. Oliver Milman (June 20, 2017).
Exxon, Shell and BP back carbon tax proposal to curb emissions. The Guardian.
REENERGIZE
EXXON//
37View entire presentation