It's a common but dishonest and cheap debating trick to suggest that those who disagree with us fail to understand the issues.
That's a mixture of straw men and hyperbole. No on one I know of, suggests that we 'stop extracting natural resources'. Which ones we should continiue to extract; how and to what extent, as well as what substitutes can be found, are valid questions that are being asked. A drop in living standards seems inevitable in any case, but what social services and safety nets will be sustainable depends on many unpredictable variables and on what choices are made.
Which countries will most reduce their pollution, carbon emissions, and population growth remains to be seen. Canada is not at the forefront, and flippant sarcasm is of no help in addressing humanity's probems.
I do believe that's the most likely outcome, and it is depressing. I assume it's what most 'climate change activists' are hoping to forestall.