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California Resources Corporation

Coverage of California Resources Corporation in the Nexus archive.

Earliest in view: Jun 18 · 08:45 UTCMost recent: Aug 10 · 12:00 UTC
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  • POLITICSAug 10 · 12:00 UTCCALMATTERS
    An oil field became California’s first carbon vault. Who’s responsible if something goes wrong?

    California lawmakers previously ordered regulators to prepare for underground carbon storage, setting deadlines for companies to prove they could pay for cleanup costs. California Resources Corp. began burying carbon at Elk Hills in Kern County, which became a test run approved by the U.S. Environmental Protection Agency. Critics warn that without state-specific rules, California cannot hold companies accountable for keeping carbon safely underground.

  • BUSINESSJun 18 · 08:45 UTCGRIST
    A solution to data center backlash? Put them in oil fields.

    Data centers face widespread opposition in the U.S. due to concerns over noise, water contamination, and energy use. A new project by California Resources Corporation proposes building a 600,000-square-foot data center in the Elk Hills oil field, leveraging existing infrastructure and power resources to mitigate community backlash. Similar projects are being planned in Texas and Pennsylvania, focusing on oil and gas fields to avoid densely populated areas.