What about building houses and furniture with the wood?
Deep underground sequestration is the only viable strategy if your goal is total CO2 reduction in the atmosphere.
That is untrue. So untrue it seems like a deliberate lie.
The only solution is to stop pumping CO2 in into the atmosphere.
There are mitigations. Building huge machines to sequester relatively small amounts of carbon in underground chambers is probably a mitigation. It seems to me that there are better ways and these sorts of ideas are not worth the opportunity cost.
Of course, we are going to see far more than a 1°C increase which is why it is worth doing.