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Yet between them, these two foundations also have over $70bn£47bnbn) worth of endowments, millions of which is funding exploration for new fossil fuel reserves.
Gerald Harper, a consultant in Toronto who tracks mine financings, said that while mining companies raised about the same amount of money last year as in 2002, "the use of proceeds has changed dramatically," from paying down debt to funding exploration and new projects.
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Some traders suggestes that the success could allow the company to sell part of its 40% share of three blocks in Senegal to fund exploration work in Europe and Morocco.
The organization, which is based in Washington, D.C., has funded exploration since the late nineteenth century, and had backed Berger for decades.
Thomas then convinced London-based Rio Tinto to fund exploration of the Diavik property.
"The government may argue that if it funds exploration now, it will be paid back later," ODI director Kevin Watkins told the BBC.
The company plans an average of $20 billion a year in total capital investment through 2011, most of which will fund exploration and production.
Because the new plan creates infrastructure and a new partnership between public funded exploration and private enterprise.
They testified to the substantial damage they believed the regulation would do to their industries, including lost profits, the inability to fund exploration and development, and difficulties in providing affordable gasoline to the public.
"We've seen a disproportionate increase in the amount of federal funds going to the earth sciences program at the expense of funding for exploration and space operations, planetary sciences, heliophysics, and astrophysics, which I believe are all rooted in exploration and should be central to NASA's core mission," Cruz said at yesterday's hearing on NASA's 2016 budget request.
His preferred strategy is to explain how funding space exploration will contribute to economic growth, by requiring an investment in science education that would open up the possibility of unimagined technological and scientific advances.
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