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In February 2024, CRC announced the signing of a definitive merger agreement to combine with Aera Energy, LLC.
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In December 2023, U.S. EPA releases Draft Class VI Permits for CRC’s Carbon TerraVault for CO2 Injection and Storage in California
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In August 2023, Carbon TerraVault’s California DAC Hub Consortium selected for U.S. DOE funding to bring Direct Air Capture and Storage to the Golden State
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Has applied for permits for multiple Carbon TerraVault carbon capture and storage projects in the San Joaquin and Sacramento Basins.
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Formed a JV with Brookfield Renewable focused on CCS development opportunities; with an initial $500 million commitment to invest in CCS projects.
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In April 2022, announced new and updated ESG goals on methane, freshwater usage, ethnic and gender diversity in leadership, community giving and executive pay.