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Stock impact report

Carbon TerraVault Provides 2023 Update

California Resources Corporation (CRC) 
NASDAQ:AMEX Investor Relations: crc.com/investor-relations
Company Research Source: Business Wire
LONG BEACH, Calif.--(BUSINESS WIRE)--Carbon TerraVault (CTV) today provided an update on its 2023 operations. California Resources Corporation (NYSE: CRC) conducts its carbon management business through Carbon TerraVault which pursues carbon capture and sequestration projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California.“During 2023, our team meaningfully advanced the expansion of our carbon management business by announcing new Carbon Dioxide Management Agreements (CDMAs)1, submitting new permits to the EPA and attracting new greenfield project capital to California,” said Francisco Leon, CRC’s President and Chief Executive Officer. “The most recent release of California’s first draft Class VI permits for the 26R reservoir and the Department of Energy (DOE) development grant awarded to the California Direct Air Capture (DAC) Hub reflects our continued commitment to carbon management solutions for hard-to- Show less Read more
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