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CRC
- Civil Rights Commission.
Example Sentences
CRC has an unreliable record.”
In 2020, Leo teamed up with Greg Mueller to lead CRC Advisors, which counts the Federalist Society and Chevron Corporation, a multinational energy corporation, among its clients.
Environmental leaders initially cheered the deal, because they thought CRC would need to dedicate billions of dollars to ensure Aera’s nearly 22,000 wells would be capped.
They argue CalGEM’s determination means CRC must obtain, at most, a $30-million indemnity bond — an agreement in which a financial backer assumes responsibility for plugging the wells if CRC files for bankruptcy.
Under the orphan well law, CRC may have had to obtain up to $2.4 billion in bonds, based on the average price to plug wells.
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