California's first carbon capture project gets OK from Kern County [Los Angeles Times (CA)]
California Resources Corporation (CRC)
NASDAQ:AMEX Investor Relations:
crc.com/investor-relations
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Source: Los Angeles Times
first foray into carbon storage and a potential new role for oil and gas companies. The Kern County Board of Supervisors voted unanimously to approve California Resources Corp.'s plan to capture up to 48 million metric tons of carbon dioxide and inject the gas one mile underground into the Elk Hills oil field, about 25 miles west of downtown Bakersfield. After about two years of environmental reviews, the vote was the final regulatory hurdle for the state's first carbon capture and storage project — an approach that has been described as an essential component of California's ambitious climate plans In California, there are about a dozen other carbon storage proposals that seek to collectively squirrel away millions of tons of carbon emissions in old oil and gas fields in exchange for government tax credits. All of them would be located in the Central Valley. “This is really a watershed, historic, milestone moment in Kern County,” Supervisor Leticia Perez said ahead of the vot
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News
- California Resources Co. (NYSE: CRC) is now covered by analysts at JPMorgan Chase & Co.. They set a "neutral" rating and a $63.00 price target on the stock.MarketBeat
- California Resources Corporation Announces January Investor Conference Participation [Yahoo! Finance]Yahoo! Finance
- California Resources Corporation Announces January Investor Conference ParticipationGlobeNewswire
- California Resources Co. (NYSE: CRC) was upgraded by analysts at Capital One Financial Co. to a "strong-buy" rating.MarketBeat
- California Resources and Net Power link for low-carbon power solutions [Yahoo! Finance]Yahoo! Finance
CRC
Earnings
- 11/5/24 - Beat
CRC
Sec Filings
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- 12/12/24 - Form 144
- CRC's page on the SEC website