News & Insights

We’re changing the narrative of the manufacturing industry one story at a time. CMTA’s award-winning storytelling team showcases California’s 30,000 manufacturers by uplifting the voices of our makers. Find industry news and the stories from those “Making California” below. 

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Press Release

CMTA Welcomes California Resources Corporation

May 1, 2023

Sacramento, Calif. – The California Manufacturers & Technology Association (CMTA) welcomed California Resources Corporation (CRC) to the organization today.

“Providing reliable, safe, affordable, and diversified energy is critical to the long-term viability of the manufacturing sector and helping California address climate change,” said Lance Hastings, CEO & President of CMTA. “CRC is a leader in environmental sustainability with innovative solutions for business.”

CRC is an independent energy and carbon management company with operational control of 97 fields across the state, including in the Los Angeles, San Joaquin, and Sacramento basins. The fields produce lower carbon intensity oil supplies than barrels imported from countries that do not share the state’s leading safety, labor, human rights, and environmental standards.

“CRC is proud to join CMTA and support its efforts to promote economic growth and create new jobs in California,” said Francisco Leon, President & CEO of CRC. “CRC has some of the lowest carbon intensity oil and gas production in the US, and through our subsidiary, Carbon TerraVault, we are developing carbon capture and storage projects to support California as it aims to achieve ambitious decarbonization goals. We look forward to working with CMTA to create new opportunities for businesses as part of our commitment to the energy transition.”

Last year, CRC updated its Environmental, Social, and Governance (ESG) goals, including a full-scope goal to reach Net Zero by 2045 for Scope 1, 2 and 3 emissions. This puts CRC among a select few industry peers to include Scope 3 emissions in their Net Zero goal. CRC’s ESG goals include lowering greenhouse gas emissions, decreasing methane emissions, reducing freshwater consumption, and increasing accountability.

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About CMTA

The California Manufacturers & Technology Association has advocated for pro-growth laws and regulations before the California legislature and administrative agencies since 1918. The total output from manufacturing in California is $300 billion per year, roughly 10 percent of the total economic output of the state. Manufacturers employ 1.3 million Californians paying wages more than $25,000 higher than other non-farm employers in the state. For more information, visit CMTA’s website.

About CRC

California Resources Corporation (CRC) is an independent energy and carbon management company committed to energy transition. CRC has some of the lowest carbon intensity production in the US and we are focused on maximizing the value of our land, mineral and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions reducing projects. For more information, visit CRC’s website.

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