California Resources Corporation and Los Angeles Rams Collaboration
California Resources Corporation (NYSE: CRC) has partnered with the Los Angeles Rams to introduce an innovative carbon management initiative known as “Football Without the Footprint.” This program aims to significantly reduce and offset carbon emissions generated by the Rams' operations in the upcoming years. The partnership is also dedicated to community enrichment efforts, including projects focused on gardening, beautification, and STEAM (science, technology, engineering, art, and math) education, all of which will promote carbon management practices.
Leading the Charge in Carbon Management
The Rams are proud to be the first NFL team in California to commit to purchasing locally sourced carbon credits, partnering with CRC’s Carbon TerraVault initiative, which specializes in carbon capture and storage (CCS) projects throughout the state. By investing in local carbon credits, the Rams are taking a meaningful step towards offsetting their carbon footprint, which is an essential part of their broader sustainability goals. These carbon credits will originate from a range of innovative sources, including projects developed by Carbon TerraVault.
Innovative Solutions for Carbon Reduction
As part of this new initiative, CRC and the Rams are looking into various projects that may provide carbon offsets. One such innovation is the proposed California Direct Air Capture (DAC) Hub, which is designed to remove atmospheric carbon dioxide and securely store it underground. Another key aspect of this initiative is Biomass with carbon removal and storage (BiCRS) projects, which utilize agricultural waste to generate renewable natural gas.
Supporting the Rams’ Decarbonization Journey
In addition to acquiring carbon offsets, the Rams have the opportunity to further reduce their own emissions by leveraging locally produced hydrocarbons, specifically responsibly sourced gas from CRC’s operations in Los Angeles. CRC's recent recognition with a “Grade A” certification by MiQ reinforces its commitment to monitoring and minimizing methane emissions throughout its asset base.
Educating Communities on Carbon Management
This collaboration emphasizes not only reduction in carbon emissions but also the importance of educating fans and local communities about carbon management technologies. CRC and the Rams are eager to promote the benefits of utilizing local, responsibly sourced energy in meeting California’s energy demands, showcasing a path towards a sustainable future for both the environment and local communities.
Voices from Leadership
Francisco Leon, President and Chief Executive Officer of CRC, shared his enthusiasm about this partnership, noting, "As a different kind of energy company, we are excited to provide the Rams with local, responsibly sourced energy solutions potentially including certified RSG from our nearby Los Angeles Basin operations and carbon credits from the Central Valley. We are pleased that the Rams are first movers in prioritizing local energy and carbon management solutions for the team and local communities."
Jennifer Prince, Chief Commercial Officer of the Los Angeles Rams, echoed these sentiments, stating, "At the Los Angeles Rams, we are proud to partner with purpose alongside CRC. Together, we are committed to leading the charge in innovative carbon management solutions that not only benefit our community and fans, but also pave the way for a more sustainable future."
About Carbon TerraVault and CRC
Carbon TerraVault Holdings, LLC, a subsidiary of CRC, is at the forefront of developing crucial services intended to capture, transport, and store carbon dioxide for various clients. Their initiatives aim to ensure that CO2 emitted from industrial processes is permanently stored deep underground. This ambitious plan reflects CRC’s overall commitment to energy transition and environmental stewardship.
California Resources Corporation stands as an independent leader in energy and carbon management. With a robust strategy centered on the safe provision of local energy alternatives, CRC is focused on optimizing the value of its resources while championing decarbonization initiatives through CCS and other innovative projects.
About the Los Angeles Rams
The Los Angeles Rams are not only a storied franchise in the National Football League but also a dedicated member of the Los Angeles community. Committed to civic engagement, the Rams strive to serve the greater Los Angeles area year-round. They play their home games at the state-of-the-art SoFi Stadium, a centerpiece of the Hollywood Park development, which showcases their commitment to sustainable practices both on and off the field.
Frequently Asked Questions
What is the “Football Without the Footprint” initiative?
The “Football Without the Footprint” initiative is a partnership between California Resources Corporation and the Los Angeles Rams aimed at reducing and offsetting the carbon emissions of the Rams while also promoting community-based sustainability efforts.
How will this initiative benefit the local community?
The initiative will involve community engagement in various projects, including gardening and educational programs, fostering awareness of environmental stewardship and carbon management.
What types of carbon offsets will the Rams be utilizing?
The Rams will work with CRC to utilize locally sourced carbon credits, which may come from innovative projects like the California Direct Air Capture Hub and biomass projects focused on renewable natural gas.
Why is locally sourced energy important for the Rams?
Locally sourced energy reduces transportation emissions and supports the local economy, aligning with the Rams' commitment to sustainability and environmental responsibility.
What recognition has CRC received for its efforts?
California Resources Corporation recently achieved a “Grade A” certification by MiQ, showcasing its commitment to minimizing methane emissions across its operations.
