The international accord…signed in Paris…is unlikely to change economic choices for major polluting industries in the short term, many executives say…Business has been pushing for a global carbon price to be part of the agreement in Paris, but in the end such a price was only given a…mention…Over time the agreement…should lead to growing pressure on heavy-emitting industries. But this is to an extent hypothetical…since the deal relies on voluntary national commitments…Some figures have predicted huge changes ahead. Lord Browne, the former chief executive of BP, said…that energy groups faced an “existential” challenge from climate change…Many business leaders over the weekend said that the biggest impact of the climate deal will be less about discouraging fossil fuels and more encouraging investors to support low-carbon technologies…Alongside the Paris agreement a range of other initiatives were launched to try and shift capital towards renewable sources…[Also refers to Bank of America Merrill Lynch, Engie, and Total.]