No, I think it's the exact opposite.
The way cities were designed in the past was for profit.
Why build cities that are monstrocities when all you need can be contained in a small area?
There never was any need for these massive cities.
Or maybe there was ... until Amazon came along. Now you can get everything delivered. No need to drive to go shopping.
In the past, they wanted to fuel the economy by getting everyone in their cars driving around all over.
Now, they've crunched the numbers and realize it's no longer sustainable for the planet.
Climate thing is not a hoax.