Isn't this a little like saying that humans in a confined space don't actually use up any of the oxygen, because it's still technically present in the CO2 they exhale?
> For example, by cutting trees and burying their wood in sealed mines several kilometers underground.
What would be the net benefit of treating it like radioactive waste versus using it as a construction material? Yes, a small percentage of the carbon would escape, but most of it would stay locked up in the wood, and one wouldn't create the massive amounts of CO2 necessary to build and operate those hypothetical mines.