If atmospheric CO2 becomes a resource for the production of goods that do not release the CO2 back into the environment for reuse, would there be a risk of O2 overabundance? If left unchecked it could overcorrect for global warming and usher in an ice age.
I imagine there’s a balance point for CO2 levels and finding and maintaining that balance will be what determines humankind’s success in the long (very long) term.
See, e.g., University of Maryland. "Rise Of Oxygen Caused Earth's Earliest Ice Age." ScienceDaily. ScienceDaily, 7 May 2009. <www.sciencedaily.com/releases/2009/05/090507094218.htm>.