CRC Cuts Emissions 25% While Scaling Carbon Capture Platform…

Event summary

CRC reduced Scope 1 and 2 greenhouse gas emissions by 25% since 2020, avoiding 1.61 million metric tons of CO2e.
Completed construction on CTV I, California’s first commercial carbon capture and storage (CCS) facility, capable of storing 1.6 million metric tons of CO2 annually.
Delivered 4.6 billion gallons of treated, reclaimed water to local districts in 2025, exceeding operational freshwater consumption by 3x.
Invested $10 million in methane detection and abatement since 2020, achieving MiQ ‘Grade A’ certification in key basins.

The big picture

CRC’s 2025 Sustainability Update underscores the tension between California’s aggressive decarbonization goals and the state’s reliance on domestic energy producers. The company’s progress in emissions reduction and carbon capture positions it as a key player in the energy transition, but its long-term viability hinges on regulatory support and market demand for CCS services. With CTV I now operational, CRC is betting on carbon management as a growth driver amid declining fossil fuel demand.

What we're watching

Execution Risk: Whether CRC can sustain its emissions reduction pace while scaling CTV’s carbon capture platform.
Regulatory Dynamics: How California’s climate policies will shape CRC’s ability to monetize its carbon management investments.
Market Adoption: The pace at which commercial CCS facilities like CTV I attract third-party customers beyond CRC’s own operations.