French oil major Total has published its end of year financials for 2020, posting a net loss of $7.2 billion. Having suffered through suppressed oil demand and prices through Covid-19, the company’s earning rebounded somewhat – it pulled in a profit of $1.3 billion for Q4, with much of the annual losses coming from early impairments and write downs of $10 billion. The company also announced that it plans to change its name to TotalEnergies as part of its plans to shift its operations from oil to renewable electricity, with oil falling to less than a third of its sales by the end of the decade. The group has already spent $2 billion on acquisitions in the renewables sector and…