I grew up in an area known for coal and logging. Ever since I heard of sequestration brought up I thought the area sounded perfect for it. Fell (maybe mulch) the trees, kiln dry to remove weight/moisture, and toss them down a mineshaft.
It always felt a bit peotic to 'reseed' a coal mine
Maybe it would be more effective to drop wet lumber off in the desert for a few years by rail before moving the dry lumber to permanent underground storage. This assumes two stages of transport to and from the desert would cost less carbon than transport to a kiln and then to storage.
I’m not convinced that the wood even needs to be dried before burying, though.