California Resources Corporation Announces CTV I Elk Hills Community Benefits Plan
Company’s Local Investment to Provide Transformative Economic, Environmental and Social Benefits to Kern County Communities
CRC conducts its carbon management business through Carbon TerraVault and its subsidiaries, which pursue carbon capture and sequestration (CCS) projects that are directly sited or within proximity to significant sources of carbon dioxide (CO2) emissions in
Through this comprehensive CBP, Carbon TerraVault will commit
The CBP will adhere to the four core policy priorities outlined by the
“CRC has a long history of serving our
The CTV I Elk Hills CBP will be deployed in two phases, and includes the following goals:
Phase One
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The CBP will establish a Community Advisory Council (CAC) by the end of 2024. The CAC will be comprised of
Kern County community members living within 20 miles of CTV I and will be responsible for preparing formal Community and Labor Benefits Agreements and overseeing the CTV I Elk Hills CBP budget.
Phase Two
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Enhance partnership with the
Kern ,Inyo andMono (KIM) Counties Building and Construction Trades Council to provide local workers with the Multi-Craft Core (MC3) Program, a 10-week pre-apprenticeship training that teaches trade skills to transition workers into a Department of Labor-registered apprenticeship program. -
Extend mentorship program with California State University,
Bakersfield (CSUB) and Taft High Oil Technology Academy to enable student research and build public speaking and community engagement skills. - Enhance partnership with the CSUB Legal Information & Support Clinic to provide pre-law students with internships at local law offices that offer free ‘pop-up’ legal service clinics to community members.
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Further clean energy education programs at
Taft College and the Kern Community College District’s (Kern CCD) California Renewable Energy Lab (CREL) to provide students with internships, mentorships, and clean energy demonstration projects. The program will also provide community education through energy academies, conferences, and workforce development opportunities. -
Expand partnership with the West Side Recreation and Park District (WSRPD) to advance the “Full STEAM Ahead” program that will provide students in
Taft City schools and the greaterTaft area with science, technology, engineering, art, and mathematics (STEAM) curriculum and activities. -
Grow partnership with the Buttonwillow Recreation District and
Buttonwillow School District to support science and engineering programs, field trips and sports activities. -
Expand partnership with the Cesar Chavez Foundation to support the “Day in the Life of Cesar Chavez” program at the National Chavez Center in south
Kern County . The program provides community members the opportunity to participate in a day-long program of yoga, art, and tour of the Cesar Chavez National Monument.
In addition to the expanded and new Community and Labor agreements listed above, CRC will continue its support of local academic institutions, including Kern CCD, which established the CRC Carbon Management Institute (CCMI) at the California Renewable Energy Laboratory, and CSUB, which established the Carbon TerraVault Scholarship and CRC Energy Transition Lecture Series.
The CTV I Elk Hills CBP exemplifies CRC’s core values of Character, Responsibility, and Commitment. These values influence how we conduct our business, interact with our stakeholders, and support our local communities. CRC and CTV are committed to engaging with our community-based organizations and including them throughout the development of our projects. Open and meaningful dialogue with our stakeholders is a top priority as we develop innovative solutions to help
About Carbon TerraVault
Carbon TerraVault Holdings, LLC (CTV), a subsidiary of CRC, is developing services that include the capture, transport and storage of carbon dioxide for customers. Through its subsidiaries and a joint venture, CTV is engaged in the development of a series of proposed CCS projects to inject CO2 captured from industrial sources into reservoirs for permanent storage deep underground. For more information about CTV, please visit carbonterravault.com.
About California Resources Corporation
California Resources Corporation (CRC) is an independent energy and carbon management company committed to energy transition. CRC is committed to environmental stewardship while safely providing local, responsibly sourced energy. CRC is also focused on maximizing the value of its land, mineral ownership, and energy expertise for decarbonization by developing carbon capture and storage and other emissions-reducing projects. For more information, please visit crc.com.
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Joanna Park (Investor Relations)
(818) 661-3731
Joanna.Park@crc.com
Richard Venn (Media)
(818) 661-6014
Richard.Venn@crc.com
Source: California Resources Corporation