Engine No. 1 Activist Presentation Deck
Coal shows how quickly changes in demand can occur
once alternative technologies provide a better product
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While ExxonMobil notes that it took 100 years for coal to be phased out, the
actual drop in demand occurred relatively rapidly. In fact, 10 years ago forecasts
for coal production were nearly twice as high as today
Coal primarily competed with natural gas for power generation, and advances
in fracking technology drove more recent competition, while global efforts to
decarbonize are more recent factors accelerating the trend away from coal
EIA Annual Energy Outlook Coal Production Forecast (Reference Case)
Coal Production Forecast
(quadrillion Btu)
26
24
22
20
18
16
14
12
10
2010 Forecast
2012 Forecast
2014 Forecast
2016 Forecast
2018 Forecast
2020 Forecast
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
Source: U.S. Energy Information Administration Annual Energy Outlook in each respective year. 2010 Forecast as of 2010 report,
2012 Forecast as of 2012 report, and so forth.
REENERGIZE
EXXON//
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