Amid a pivot back to its fossil fuel roots and away from renewable energy, Britain's BP said it had made its largest oil and gas discovery in 25 years.

Energy giant BP says it has made its largest oil and gas discovery this century as it shifts its focus away from renewable energy and back to fossil fuels. The UK-based firm said on Monday that it is conducting tests at the site in deep water off Brazil's west coast.

BP reported its most important oil and gas discovery in more than 20 years, an offshore find in Brazil that could change the course of the company’s strategy. The Santos Basin Bumerangue is the biggest strike the company has made since Shah Deniz in 1999 landmark that could rekindle investor confidence as BP steps away from recent hegemonic green