How is it ridiculous? Climate change is very bad. Limiting oil exploration seems very reasonable
Every country needs to be taking climate change seriously for their own sake. Very few are. China is, and surprise surprise - China is outpacing western nations in a lot of different areas. Their rate of development is truly spectacular.
It's fun and games not to care, but the reality is economic prosperity is a long term game. You need to make decisions now that will decide 50 years from now. Oil is on the way out, it's the wrong horse to back for extremely expensive infrastructure.