BP announces major oil discovery off Brazil, signaling pivot back to fossil fuels.

BP announced its largest oil and gas discovery in 25 years off Brazil's coast, marking a shift back to its fossil fuel business. The discovery at the Bumerangue prospect, 404 km from Rio de Janeiro, is part of BP's plans to increase global production to 2.3-2.5 million barrels a day by 2030. This significant find comes as BP moves away from its previous focus on renewable energy.