Backtrack (verb)

1. To retrace one's steps in order to return to a previous position or state.
2. To withdraw or recant a previous statement or position.

Origin:

From the phrase "backtrack on (something)", meaning to withdraw from or recant a previous statement or position.

Examples:

1. He had to backtrack on his promise to never raise taxes.
2. I realized that I had made a mistake and had to backtrack on my previous statement.
3. We had to backtrack on our hike because we took a wrong turn.
4. She backtracked on her decision to retire and decided to stay with the company.
5. The company backtracked on their commitment to going green and invested in fossil fuels instead.