California Resources Corporation Achieves ‘Grade A’ Certification for Methane Emissions

The ‘Grade A’ certification was awarded for production segments across CRC’s assets in Fresno and Kern Counties, further solidifying the company’s position as a leader in responsible energy production. CRC has now achieved three MiQ certifications, showcasing that the majority of its production is under independently verified standards. This achievement is particularly noteworthy given the rising demand from buyers, regulators, and investors for credible and transparent evidence of methane performance.

“CRC is committed to operating responsibly by holding ourselves to standards that go beyond regulatory requirements,” stated Francisco Leon, CRC’s President and CEO. He emphasized that the independent validation of emissions performance underscores the company’s business ethos: providing reliable, responsibly sourced energy while protecting the environment and supporting local communities.

MiQ's certification process involves rigorous and independently verified reporting, assessing companies in three critical scoring categories: company practices, monitoring technology deployment, and methane intensity. CRC’s strong performance across these categories has positioned it as a model for the industry, demonstrating that operational excellence and accountability can be achieved at scale.

Georges Tijbosch, CEO of MiQ, remarked on the significance of CRC’s achievement, stating, “Earning three ‘Grade A’ certifications in just a few months underscores CRC’s sustained commitment to high-level methane performance.” This achievement is particularly relevant as market expectations and regulatory frameworks continue to evolve, highlighting the importance of accountability in methane emissions.

California Resources Corporation's certification is expected to resonate well within the energy sector, particularly as companies are increasingly held accountable for their environmental impact. The certification not only enhances CRC's reputation but also sets a precedent for the oil and gas industry by demonstrating that reducing methane emissions is both achievable and beneficial.

The move towards independently verified emissions performance aligns with global sustainability goals and resonates with a growing investor base that prioritizes environmental, social, and governance (ESG) criteria. As CRC continues to innovate in its operational practices and sustainability efforts, it is likely to attract more attention from stakeholders who are keen on supporting environmentally responsible companies.

As California Resources Corporation continues its journey towards sustainability, the company remains focused on maximizing the value of its land, mineral ownership, and energy expertise while advancing its decarbonization initiatives. The successful certification is a testament to CRC's strategic direction and commitment to delivering responsible energy solutions.

For further details on CRC's sustainability efforts and future initiatives, interested parties are encouraged to visit the company’s sustainability page.

In conclusion, California Resources Corporation’s recent achievement of a ‘Grade A’ certification is a significant step forward in the company’s mission to operate sustainably and responsibly, reinforcing its leadership in the energy sector and setting an example for others to follow.