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California Resources Corporation Announces $100,000 Donation to Southern California Wildfire Relief and Recovery Efforts
CRCCalifornia Resources (CRC) GlobeNewswire·2025-01-30 18:50

Core Points - California Resources Corporation (CRC) announced a total contribution of 100,000tosupportwildfirereliefeffortsinCalifornia,withfundsequallydistributedbetweentheCaliforniaCommunityFoundationandtheLosAngelesFireDepartmentFoundation[1][2]−TheCaliforniaCommunityFoundationwillusethedonationtoassistfamiliesinrebuildingtheirlives,focusingonhousing,food,andothercriticalneeds,whiletheLosAngelesFireDepartmentFoundationwillallocatefundsforvitalequipmentandsupportforfirefighters[2]−CRChasalsoinitiatedacompanymatchcampaigntosupporttheAmericanRedCross,whichprovidesessentialaidsuchasfood,shelter,andfinancialassistance[3]CompanyOverview−CaliforniaResourcesCorporationisanindependentenergyandcarbonmanagementcompanycommittedtoenergytransitionandenvironmentalstewardshipwhileprovidingresponsiblysourcedenergy[4]−Thecompanyfocusesonmaximizingthevalueofitslandandmineralownership,aswellasdevelopingcarboncaptureandstorage(CCS)andotheremissions−reducingprojects[4]RelatedOrganizations−TheCaliforniaCommunityFoundationhasbeenservingLosAngelesCountysince1915,managing100,000 to support wildfire relief efforts in California, with funds equally distributed between the California Community Foundation and the Los Angeles Fire Department Foundation [1][2] - The California Community Foundation will use the donation to assist families in rebuilding their lives, focusing on housing, food, and other critical needs, while the Los Angeles Fire Department Foundation will allocate funds for vital equipment and support for firefighters [2] - CRC has also initiated a company match campaign to support the American Red Cross, which provides essential aid such as food, shelter, and financial assistance [3] Company Overview - California Resources Corporation is an independent energy and carbon management company committed to energy transition and environmental stewardship while providing responsibly sourced energy [4] - The company focuses on maximizing the value of its land and mineral ownership, as well as developing carbon capture and storage (CCS) and other emissions-reducing projects [4] Related Organizations - The California Community Foundation has been serving Los Angeles County since 1915, managing 2.3 billion in assets and overseeing 1,900 charitable foundations, with a mission to create lasting impact in the region [5] - The Los Angeles Fire Department Foundation, established in 2010, serves as the nonprofit arm of the Los Angeles City Fire Department, bridging funding gaps for essential tools and programs to help firefighters protect the community [6] - The American Red Cross provides disaster relief, supplies about 40% of the nation's blood, and supports veterans and military families, relying on volunteers and public generosity [7]