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Stock impact report

California Resources Corporation Breaks Ground on California’s First Carbon Capture and Storage Project

California Resources Corporation (CRC) 
NASDAQ:AMEX Investor Relations: crc.com/investor-relations
Company Research Source: GlobeNewswire
KERN COUNTY, Calif., Oct. 16, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) today hosted a groundbreaking ceremony for Carbon TerraVault I (CTV I), the Golden State's first carbon capture and storage project, developed to reduce emissions and support the state’s path to carbon neutrality by 2045. CRC President and CEO Francisco Leon and CTV Holdings Managing Director Chris Gould were joined by a diverse group of state and community leaders at the Elk Hills Field in Kern County to celebrate this historic milestone. “Today’s groundbreaking is the result of years of vision, planning and collaboration,” Leon said. “CTV I is just the beginning — we’re proud to lead the way in building California’s carbon management economy and deploying proven climate solutions at scale.” As a cornerstone of California’s emerging carbon capture and storage (CCS) industry, CTV I will utilize existing facilities at CRC’s Elk Hills as a dedicated CO2 storage site capable of storin Show less Read more
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