The deal TotalEnergies completed this week, buying the 70% of French renewables firm Total Eren which it did not already own, should be a model for other oil companies – but only if they really wish to commit to the energy transition. Of late both Shell and BP seem to have backtracked on their original transition pace into renewables, which Equinor seems stuck halfway between discovering new North Sea oil and renewables, and US oil companies are simply sleepwalking into an oil-less future where they believe their own PR and think oil will last forever. TotalEnergies said it would pay €1.5 billion for the 70% ownership, having bought the first slice for €237.5 million in 2017. It claims this gives…