BP Announces a Major Oil Discovery in Brazil
Earlier this week, British Petroleum (BP) announced that it had made a resource discovery that eclipsed any they have made in over two decades. These last few years have seen the multinational oil and gas firm shift its focus back to fossil fuels after failing to reduce hydrocarbon production, where it focused on energy alternatives that were low in carbon. Prior to this, the firm was planning to become a net zero company. The coronavirus pandemic led to an unanticipated loss for the firm though, with reports showing its 2020 loss totaled $5.7 billion. This was quite a plunge, especially…