California’s largest oil producer, which cleared Chapter 11 bankruptcy reorganization earlier this year, has gained national recognition for its decarbonization efforts just as its CEO Todd Stevens, 53, is leaving.


Under the global environmental disclosure system administered by the non-profit Carbon Disclosure Project (CDP), California Resources Corp. (CRC) has received an “A-” rating for its 2020 climate disclosure, which CRC spokesperson Richard Venn described as a “top score at CDP’s leadership level.

“CRC once again received the highest ranking among all U.S. oil and gas companies,” Venn said, tying for the top spot with another U.S.-based exploration and production (E&P) company with global operations.

After reaching the CDP leadership level for the past...