California Resources Corporation has broken ground on Carbon TerraVault I, California's first carbon capture and storage $(CCS)$ project. Located at the Elk Hills Field in Kern County, this initiative marks a significant step toward the state's goal of carbon neutrality by 2045. Developed through a joint venture with Brookfield, the project will utilize existing facilities to store up to 1.6 million metric tons of CO₂ annually, with a total storage potential of 38 million metric tons. Carbon TerraVault I is the first facility in California to receive final Class VI permits from the U.S. Environmental Protection Agency and unanimous approval from the Kern County Board of Supervisors. First CO₂ injection is planned for early 2026. The project is expected to create high-quality jobs in the Central Valley and set a new standard for CCS deployment in the state.