Total has become the latest oil and gas supermajor to pledge itself to net-zero emissions by 2050. But after following Shell and BP, these promises are far from groundbreaking, and still fall short of any change to business-as-usual in the near-term. The largest hope for these companies is that Covid-19 dents the ratio of investment in low-carbon technologies against fossil fuels, as current Capex levels are often below 10%. The plan was announced on Tuesday as a joint statement between Total S.A and institutional investors that are part of the Climate Action 100+ initiative, which control 25% of Total’s shares. As part of its plan, Total has outlined three major steps: Reaching net-zero in scope 1 and 2 emissions across…