Engine No. 1 Activist Presentation Deck
A decade of promoting algae biofuels despite lack of
viability shows a similar focus on advertising over reality
●
ExxonMobil has touted
algae biofuels for more
than a decade, yet has
little to demonstrate for
it other than advertising
(during this same time
period, one of our
nominees helped build
the world's largest
renewable diesel and
jet fuel business)
• Its most recent goal of
producing 10,000
barrels by 2025 is
-0.02% of
ExxonMobil's refining
capacity
BLUE GREEN ALGAE
AND
20
2010 ExxonMobil TV Commercial
"Algae are amazing little critters ... We're
hoping to supplement the fuels that we
use in our vehicles and to do this at large
enough scale to some day help meet the
world's energy demands."
AUT
2020 ExxonMobil TV Commercial
"ExxonMobil is growing algae for biofuels
that could one day power planes, propel
ships, and fuel trucks, and cut their
emissions in half. Algae... Its potential
just keeps growing."
"In the midst of all these companies abandoning the algal biofuel
mission, however, one company has held strong to its ambitions and
promises within the sector. That company is ExxonMobil ... These
promises, however, should be taken with a sizeable grain of salt. Most
of their biofuel announcements come in the form of vague PR-bait
and social media posturing."
Oilprice.com, January 28, 2020
Sources: Haley Zaremba (January 28, 2020). Does Exxon Know Something About Biofuel That Its Peers Don't? Oilprice.com. 2010 Super Bowl Commercial retrieved
from https://www.youtube.com/watch?v=TFR-1ltqkcA. 2020 Super Bowl commercial retrieved from https://www.ispot.tv/ad/ovGn/exxon-mobil-algae-potential.
REENERGIZE
EXXON//
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