Yes: But we can't do any more exploring
"That’s right: If we’re serious about preventing catastrophic warming, the new study shows, we can’t dig any new coal mines, drill any new fields, build any more pipelines. Not a single one. We’re done expanding the fossil fuel frontier. Our only hope is a swift, managed decline in the production of all carbon-based energy from the fields we’ve already put in production."
“Managed decline” means we don’t have to grind everything to a halt tomorrow; we can keep extracting fuel from existing oil wells and gas fields and coal mines. But we can’t go explore for new ones.
Recalculating the Climate Math / September 2016