Joe Biden speaks about climate change and wildfires affecting Western states during a speech in Wilmington, Del., on Sept. 14. Although the president-elect has promised an ambitious agenda to tackle climate change, few expect a death knell for the oil industry.

FILE – In this Sept. 14, 2020 file photo, Democratic presidential candidate and former Vice President Joe Biden speaks about climate change and wildfires affecting western states in Wilmington, Del. The United States is out of the Paris climate agreement on the day after the presidential election. Experts say the outcome will determine to some degree just how hot and nasty the world will get in the future. The two presidential candidates have stark differences on fighting human-caused climate change. (AP Photo/Patrick Semansky, File)