Engine No. 1 Activist Presentation Deck

Focusing on societal choices while trying to limit those choices is poor long-term risk management ExxonMobil argues that meaningful decreases in Scope 3 emissions will require "changes in society's energy choices coupled with the development and deployment of affordable lower- emission technologies" • This is true, but ignores its role in influencing such choices ● More importantly, this argument fails to acknowledge that such choices are changing, and that trying to restrict or confuse such choices - versus adapting to them - likely only makes eventual business disruption more severe KAU PRE ore than $37 "All told, ExxonMobil has spent more than $37 million on climate science denier organizations from 1998 through 2019." Union of Concerned Scientists, Oct. 23, 2020 "Groups backed by industry giants like Exxon Mobil... are waging a state-by-state, multimillion-dollar battle to squelch utilities' plans to build [EV] charging stations across the country." Politico, Sept. 16, 2019 "[T]he American Progressive Bag Alliance ... part of the Plastics Industry Association, a trade group that includes Shell Polymers, LyondellBasell, Exxon Mobil, Chevron Phillips, DowDuPont, and Novolex ... was backing a state bill that would strip Tennesseans of their ability to address the plastics crisis. The legislation would make it illegal for local governments to ban or restrict bags and other single- use plastic products one of the few things shown to actually reduce plastic waste." Intercept, July 20, 2019 ExxonMobil quote source: ExxonMobil Press Release, Dec. 14, 2020. Other quote sources: Elliott Negin (Oct. 23, 2020). ExxonMobil Is Still Bankrolling Climate Science Deniers. Union of Concerned Scientists. Gavin Bade (Sep. 16, 2019). The oil industry vs. the electric car. Politico. Sharon Lerner (Jul. 20, 2019). Waste Only: How the Plastics Industry Is Fighting to Keep Polluting the World. The Intercept. REENERGIZE EXXON// 40

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