California Resources Corporation Pledges $2.5 Million to Fund Kern County Community Initiatives to Advance the Energy Transition
02 Agosto 2022 - 6:00PM
Business Wire
California Resources Corporation (NYSE: CRC) is pleased to
announce it has pledged $2.5 million to fund several Kern County
initiatives with Kern Community College District (Kern CCD) and
California State University, Bakersfield (CSUB) to help advance the
energy transition and further benefit local communities across the
region.
CRC will collaborate with Kern CCD, one of the largest community
college districts in the United States, to establish the CRC Carbon
Management Institute, a first-of-its-kind initiative that will
empower local private and public partnerships to lead the way in
defining how collaboration between education and industry can
positively impact communities. Funding will be used for research
and development, community outreach and education, workforce
training and education, and carbon management academies that will
focus on advancing carbon capture and storage (CCS) and emerging
technologies that will help ensure the long-term success of Kern
County students and communities.
CSUB, which serves more than 11,000 students on its campuses,
will launch the CRC Energy Transition Lecture Series on relevant
topics and emerging issues related to CCS and technologies that
will lead the way to achieving a net zero future. In addition, the
CRC Carbon TerraVault Scholarship will be established to help
provide students with academic opportunities.
“CRC is deeply committed to the energy transition, and we are
proud to partner with Kern CCD and CSUB to invest in our local
students and a sustainable future,” said Mac McFarland, CRC
President and Chief Executive Officer. “These respected
institutions operate at the intersection of energy, agriculture and
technology and are key to driving future economic development,
technological innovation, and educational attainment. CRC has
pledged to be net zero by 2045 and we believe initiatives such as
these will help advance the necessary technologies, adoption and
long-term success for our local communities.”
About California Resources Corporation (CRC)
California Resources Corporation (CRC) is an independent oil and
natural gas company committed to energy transition in the sector.
CRC has some of the lowest carbon intensity production in the US
and we are focused on maximizing the value of our land, mineral and
technical resources for decarbonization by developing carbon
capture and storage (CCS) and other emissions reducing
projects.
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version on businesswire.com: https://www.businesswire.com/news/home/20220802005459/en/
Richard Venn (Media) 818-661-6014 Richard.Venn@crc.com
Joanna Park (Investor Relations) 818-661-3731
Joanna.Park@crc.com
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