120 iii. Cease Exploration for New Oil Fields and Help in the Global Transition Towards Clean Energy Explorations for new sources of fossil fuel must stop. There is already a glut in fossil fuel reserves and new discoveries will only end up as stranded assets in the future.530 Continued, costly, and speculative explorations for new fossil reserves shall subject the officers behind them to suits by their shareholders and investors after these fields end-up as stranded assets. Instead, corporate resources should be applied to research and development of alternative, renewable energy systems and carbon sequestration. iv. Contribute to a Green Climate Fund for the Implementation of Mitigation and Adaptation Measures The Carbon Majors must contribute to a Green Climate Fund or other similar funds not only in the jurisdictions they operate in, but also in geographical areas that bear the brunt of the impacts of climate change. They can also choose to finance mitigation and adaptation measures and projects to alleviate the plight of those impacted by climate change-related harms. v. Engage with Experts, CSOs and other Stakeholders for the Assessment and Improvement of Corporate Climate Response Carbon Majors must now seriously consider engaging with climate scientists, policymakers, NGOs, affected communities and other stakeholders in climate action towards the development of alternative energy. 530 SEI, IISD, ODI, E3G, & UNEP, The Production Gap Report 2021 (2021), available at http://www. productiongap.org/2021report.