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Over three years, they had spent "$39bn to explore for new oil and gas.
But coal, oil and gas companies continue to explore for new reserves.
The same day, Turkey announced that plans for a Turkish oil company to explore for new deposits in Syria had been canceled.
"There is no sane rationale for companies to continue to explore for new sources of hydrocarbons," the RFF, which has relatively small total holdings of $130m£92m2m), said in a statement.
Blessed by $90-a-barrel 90-a-barrel 90-a-barrelroiling in profithe and there is no evidencompaniesport the clare that they need these brollingo be able to explore for new resources.
"Although we're a neophilic species," Ms. Gallagher says, "as individuals we differ in our reactions to novelty, because a population's survival is enhanced by some adventurers who explore for new resources and worriers who are attuned to the risks involved".
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Beyond that, he intends to keep exploring for new finds, new adventures.
"In 2013, fossil fuel companies spent some $670bn£443bnbn) on exploring for new oil and gas resources.
But assuming no such collapse, companies in the oil services sector will keep exploring for new deals.
Campaigners, backed by Archbishop Desmond Tutu, argue there is moral case for divesting from fossil fuel companies which are exploring for new reserves.
Campaigners, backed by Archbishop Desmond Tutu, argue there is moral case for divesting from fossil fuel companies that are exploring for new reserves.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com