Additional Proxy Soliciting Materials (definitive) (defa14a)
18 Maggio 2022 - 10:33PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the
Registrant ☒ Filed by a Party other than the
Registrant ☐
Check the appropriate box:
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Preliminary Proxy Statement |
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Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2)) |
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Definitive Proxy Statement |
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Definitive Additional Materials |
☐ |
Soliciting Material under § 240.14a-12 |
EXXON MOBIL CORPORATION
(Name of Registrant as Specified In Its Charter)
NOT APPLICABLE
(Name of
Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
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Fee paid previously with preliminary materials |
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Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules
14a-6(i)(1) and 0-11. |
energyfactor, exxonmobil.com energytaCtor LATEST NEWS / PROJECTS â¼ / REDUCING EMISSIONS
â¼ / ENERGY INNOVATION / INSIGHTS â¼ PERSPECTIVES & PARTNERS Advanced Recycling and the Future of Plastics Jennifer Driscoll 05.18.2022 Plastics are one of societys materials of choice because of the
superior performance and the life-cycle sustainability benefits they provide compared to alternatives. By working togetherindustry, governments, communities and consumerswe can create a system that helps address pollution and accelerates
recycling, while enjoying the critical benefits plastics provide in our everyday lives.
energyfactor, exxonmobil.com energytaCtor LATEST NEWS / PROJECTS â¼ / REDUCING EMISSIONS
â¼ / ENERGY INNOVATION / INSIGHTS â¼ ExxonMobil is a leader in high-performance plastics. They are one of our many product solutions that enhance modern life and enable lower-emission technologies, such as
lightweight and fuel-efficient vehicles, solar panels, wind turbines, and energy-saving building insulation. Step into any hospital, kitchen, daycare center, science lab, airplane, or automobile, and you will find abundant examples of plastic
products. The plastics found in mobile phones, computers, vehicles, packaging and many other applications provide countless benefits. During the pandemic, plastics helped save lives in the form of medical equipment, syringes and protective gear for
health care workers. Plastics also play an important role in achieving many of the United Nations Sustainable Development Goals, including addressing climate change. For example, on a life-cycle basis, plastic packaging has 54% lower
greenhouse gas emissions versus alternative materials as a group, including aluminum, glass and paper.1 The International Energy Agencys Net Zero Emissions by 2050 scenario expects demand for chemicals to grow more than 30% versus 2020, and
plastics make up approximately half of that total volume. At the same time, we share concerns regarding plastic waste in the environment. We also believe its a challenge that can be addressed. Thats why we were instrumental in launching
the Alliance to End Plastic Waste, which now includes more than 90 member companies, project partners, allies, and supporters who are aiming to provide $1.5 billion to create innovative solutions around the world.
energyfactor, exxonmobil.com energytaCtor LATEST NEWS / PROJECTS â¼ / REDUCING EMISSIONS
â¼ / ENERGY INNOVATION / INSIGHTS â¼We are uniquely positioned with our scale, integration and technology to significantly expand advanced recycling capacity and help broaden the range of plastics that society
recycles, which is pivotal for improving overall plastic recycling rates. Our advanced recycling technology enables us to create and capture value from plastic waste. It complements traditional mechanical recycling by using chemical processes to
break down hard-to-recycle plastics at the molecular level into raw materials that can be used to make new, virgin-quality plastics and other valuable products. Last
year at our facility in Baytown, Texas, we used advanced recycling technology to process almost 4 million pounds of plastic waste. Thats equivalent to recycling 360 million grocery bags. We also announced plans to build our first
large-scale facility for advanced recycling in Baytown, which is expected to start operations near the end of this year and will be among the largest advanced recycling facilities in North America. We are collaborating on an advanced recycling
project in France, and are assessing additional opportunities in the Netherlands, the U.S. Gulf Coast, Canada and Singapore. By year end 2026, we plan to build about 500,000 metric tons, or 1 billion pounds, of annual advanced recycling
capacity. This is significant capacity that can be expanded further with supportive policies and enhancements in aggregation and sorting of plastic waste. To help address this challenge we formed the joint venture Cyclyx International, together with
Agilyx Corp., which is focused on developing innovative solutions for aggregating and pre-processing large volumes of plastic waste that can be recycled into
energyfactor, exxonmobil.com energytaCtor LATEST NEWS / PROJECTS â¼ / REDUCING EMISSIONS
â¼ / ENERGY INNOVATION / INSIGHTS â¼ valuable products. At our Annual Meeting in May, our shareholders will be asked to vote on a proposal asking our company to produce a report on plastics that is based on the idea
that use of plastic will decline in the future and our investments, including our new advanced recycling projects, will be at risk. The proponents rely on assumptions that relatively little plastic can be recycled and that plastics can be replaced
at scale. These assumptions are out of step with a number of independent experts. For example, the IEA, in its Net Zero Emissions by 2050 scenario, assumes 55% of the worlds plastic waste will be recycled by 2050, thanks to advanced recycling
and other improvements. In addition, the proponents assertion that plastics can be replaced at scale doesnt consider the feasibility, cost, performance, or other environmental impacts of such large-scale plastic-replacement efforts.
According to a study conducted by Trucost, replacing plastics in packaging and consumer products with alternative materials could actually increase greenhouse gas emissions, energy use and waste. Ultimately, this proposal distracts from the
significant progress we are making and fails to make a compelling case for support. Credible third-party estimates expect plastic use to increase in future years due to the many life-enhancing benefits plastics provide, including helping society
achieve net-zero ambitions and the UNs Sustainable Development Goals.
energytactor LATEST NEWS / PROJECTS » / REDUCING EMISSIONS â¼ / ENERGY INNOVATION
â¼ / INSIGHTS â¼ By EXXONMOBIL Based on these expectations and our investments to expand advanced recycling efforts, we believe producing another report on a highly unlikely scenario is an unnecessary use of
resources. We urge our shareholders to vote against this proposal and support the role of plastic in a sustainable and circular economic future. J Per April 2018 report of Franklin Associates; US; Max Decomp; Figure
4-1; Impacts as defined in Chapter 4.7: Global Warming Potential (GWP) results, and Indexed to the alternatives as a group (including steel; aluminum; glass; paper-based packaging; fiber-based textiles; and
wood). Source. https://www.americanchemistry.com/content/download/7885/file/Life-Cycle-lmpacts-of~Plastic-Packaging- Compared-to-Substitutes-in-the-United-States-and-Canada.pdf
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