Not strange.

It very simply logically follows that if your system is designed to maximize short term profit, ie, wealth extraction, over everything else, it will just keep doing this untill it eats itself and everything else, or is absolished from some external force.

The long term doesn't matter to this system, other wise the entire system would have started transitioning away from oil dependency in the 80s, when the oil companies had more accurate projections of global warming had than the scientific public didn't have untill about 30 years later.