Engine No. 1 Activist Presentation Deck
Minimal investment in more advanced carbon capture
mostly produces advertising
●
ExxonMobil has heavily advertised its investment
in a company called Global Thermostat which is
pursuing direct air capture, yet this effort is miniscule
($15 million according to Global Thermostat) and
appears primarily driven by marketing considerations
"[Global Thermostat] has featured prominently in ExxonMobil's
commercials on YouTube, Twitter, and Facebook. But Global
Thermostat's achievements haven't matched its promise....
[A]ccounts suggest the company has been stymied by setbacks and
mismanagement since almost the very beginning and has made
little progress in deployment over the past decade. They say its
biggest accomplishments, including the deals with blue-chip.
companies, amounted to less than advertised and in some cases
have yet to produce anything ...
Current and former staffers say it's unclear exactly
what Exxon is doing with Global Thermostat besides advertising
it heavily."
Bloomberg, April 9, 2021
Source: Leslie Kaufman & Akshat Rathi (Apr. 9, 2021). A Carbon-Sucking Startup Has Been Paralyzed by Its CEO. Bloomberg.
Capturing
CO₂ straight
from the air
2017
Vacuum
First, fans move the air to pull
in passing CO, evacuum
Global
Thermostat
Global Thermostat has developed a technology that pulls carbon
dioxide right out of the air using chemical compounds known as
amines. The process works like a vacuum, with fans pulling in CO,
molecules and then amines fittering and capturing those molecules
The collected carbon dioxide can either be stored or used
OO
SEQUESTERED
OR
RECOVERY
Filter
Then, amines act like a fiter or a
sponge, grabbing onto the carbon
Wh
dioxide. When the amines are full,
the CO, is collected and those same
amines are ready to be reused.
Meanwhile, the carbon dioxide
continues on its journey.
BUILDING
MATTRALS
Store and use
The captured CO is either stored or utilized
ExxonMobil
REENERGIZE
EXXON//
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