Any statements in this presentation about our future expectations, plans, outlook and prospects, and other statements containing the words "believes," "anticipates," "plans," "estimates," "expects," "intends," "may" and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including risks relating to: the success of our sales and production efforts in support of the commercialization of our products; our growth plans and strategies, including the planned expansion of our facilities; our technologies; the sizes of markets for our products; the benefits and characteristics of our products; our ability to obtain and maintain certifications related to our products; memoranda of understanding, discussions and negotiations relating to potential projects; our ability to raise funds to continue operations or fund growth projects; our projected revenues or sales; our ability to perform under current or future contracts; our ability to become profitable; laws and regulations supporting or providing economic advantages to low-carbon products; the potential that adverse changes could be made to laws and regulations supporting or providing economic advantages to low-carbon products; and other factors discussed in the "Risk Factors" of our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and in other filings that we periodically make with the SEC. In addition, the forward-looking statements included in this investor presentation represent our views as of the date of this investor presentation. Important factors could cause our actual results to differ materially from those indicated or implied by forward-looking statements, and as such we anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this investor presentation.
WE ALL HAVE A PROBLEM, AND IT CAN'T BE IGNORED
NO PLANET B
MEGA-TREND: GROWING GHG'S DRIVES GROWING CONCERN THAT "SOMETHING" MUST BE DONE
LEADS TO FOSSIL CARBON REDUCTIONS BEING VALUABLE, CREATES MARKETPLACE FOR LOW FOSSIL FOOTPRINT FUEL PRODUCTS
Record Levels of CO2 in the Atmosphere are Driving Concern…
Continued Consumption of Fuels(1) Means Even More CO2…
Brand Owners are recognizing that they need to do something, and are saying so…
If GHG emissions continue at the same rate globally as seen in the last 30 years projected out to 2050, GHG levels could reach ~490-500ppm
Approximately 955 BGPY of fossil fuel was used world-wide in 2017 for gasoline, diesel, and jet fuel. Even with advent of EV, the EIA projects relatively small demand change for fossil fuels, in part because of basic economic development across the globe
UPS commits to sourcing 40% of ground fuel from low carbon or alternative fuels by 2025; 25% of annual vehicle purchases by 2020 will be alternative fuel and advanced technology vehicles
KLM's "CO2ZERO" offers clean energy investments tied to passenger rates; KLM also has a goal to reduce CO2 per passenger by 20% by 2020; and a further reduction of 15% by 2030 (vs. 2005)
BP sets ambition for net zero by 2050, fundamentally changing organization to deliver; includes a 50% cut in the carbon intensity of products BP sells by 2050 or sooner; carbon pricing advocacy
"Shipment Zero" is Amazon's vision to make all Amazon shipments net zero carbon, with 50% of all shipments net zero by 2030
Total commits to be carbon neutral by 2050 and reduce carbon intensity of energy products by 60% by 2050
Delta is committing $1 billion over the next 10 years in bid to be 1st global airline to be carbon neutral by 2030
Shell executive pay tied to short-term carbon emissions targets in 2020
ConocoPhillips has a long-term target to reduce GHG emissions intensity from 5 to 15% by 2030 (vs. 2017)
United Airlines became the first U.S. airline to publicly commit to reducing GHG emissions 50% by 2050 (September 2018)
U.S. EIA 2020 Annual Outlook.
Source: IEA 2020 World Energy Outlook. Sustainable Development Scenario (SDS) outlines path to global net zero emissions by 2070, targets limiting global temperature rise to 1.65°C and global CO2 emissions falling to less than 10bn tons by 2050.
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