CRC Contributes $100,000 to Aid Wildfire Recovery Efforts
California Resources Corporation Supports Wildfire Recovery
California Resources Corporation (NYSE: CRC), known for its commitment to energy and carbon management, has made a significant step in supporting communities affected by recent wildfires. The company announced a generous donation of $100,000 to two notable organizations—the California Community Foundation and the Los Angeles Fire Department Foundation. This contribution aims to bolster relief efforts and aid recovery for residents in areas impacted by the devastating wildfires in Southern California.
Response from Leadership
Francisco Leon, the President and CEO of California Resources Corporation, expressed heartfelt concern for those affected by the wildfires. His statement highlighted the company's commitment to helping communities get back on their feet. “Our hearts go out to everyone affected by the devastating wildfires across Southern California,” he said. Leon emphasized gratitude towards the firefighters and first responders who are tirelessly working to safeguard lives and property during these emergencies.
Distribution of Donations
The donation made by CRC will be split evenly between the two organizations. The California Community Foundation (CCF) will utilize the funds to assist families and individuals in need while focusing on housing, food, and other critical recovery necessities. Meanwhile, the Los Angeles Fire Department Foundation will use their portion of the funds for vital equipment and supplies required for firefighters and first responders.
Company Initiatives for Additional Support
In addition to this significant donation, California Resources Corporation has initiated a company match campaign aimed at supporting the American Red Cross. This organization plays a crucial role in disaster relief by providing food, shelter, emotional support, and financial assistance to victims. CRC's efforts reflect a broader commitment to community support and environmental stewardship.
About California Resources Corporation
California Resources Corporation stands at the forefront of the energy sector as an independent energy and carbon management company. With a firm commitment to environmental responsibility, CRC not only ensures the safe delivery of locally sourced energy but also focuses on maximizing its land and mineral values for successful decarbonization initiatives. The company is dedicated to developing projects that reduce emissions, demonstrating a forward-thinking approach in an era that increasingly prioritizes sustainability.
About the California Community Foundation
The California Community Foundation has been a stalwart organization in Los Angeles County since its founding in 1915. It manages over $2.3 billion in assets and facilitates various charitable foundations, making a lasting impact in local communities. CCF's mission focuses on leading systemic change aimed at strengthening community resilience and improving lives across the region.
About the Los Angeles Fire Department Foundation
Established in 2010, the Los Angeles Fire Department Foundation serves as the official nonprofit arm of the LAFD. With a mission to fill critical funding gaps, the foundation supports essential tools, programs, and equipment that enhance the safety and effectiveness of firefighters. By channeling donations from individuals and businesses, the LAFD Foundation maximizes resources for lifesaving services in Los Angeles.
About the American Red Cross
The American Red Cross plays a vital role in disaster response, offering shelter, sustenance, and emotional care to those affected by emergencies. They are also a key provider of blood supply in the U.S. and support veterans and military families. This nonprofit organization relies on the generosity of the public and the dedication of volunteers to carry out its humanitarian mission.
Contact Information for Further Inquiries
For media inquiries, contact Richard Venn at CRC Media by calling 818-661-6014 or via email at Richard.Venn@crc.com. For investor relations, Joanna Park can be reached at 818-661-3731 or at Joanna.Park@crc.com.
Frequently Asked Questions
What is the purpose of California Resources Corporation's donation?
The donation aims to support wildfire relief and recovery efforts for residents affected by recent wildfires in Southern California.
How much has California Resources Corporation donated?
California Resources Corporation has donated a total of $100,000.
Which organizations are receiving the donations?
The donations will be split between the California Community Foundation and the Los Angeles Fire Department Foundation.
What will the California Community Foundation do with the funds?
The California Community Foundation will assist families with essential needs such as housing and food as they rebuild their lives.
How is CRC further supporting recovery efforts?
CRC is also running a company match campaign to support the American Red Cross, enhancing its initiative to provide comprehensive disaster aid.
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