It's not either or, we need both. It will never be more efficient to pull CO2 from the atmosphere then it is to just prevent it from getting there in the first place, so cutting emissions is still the bottleneck
I think this is basically a play by big oil to try to keep their business alive. We actually are pretty much at the point where the only thing standing between us and MASSIVE emissions reductions are special interest groups. Solar/wind are now the cheapest energy in the US, and the move is starting already
I hope they invent time travel in the far future and travel back in time to abduct oil & gas executives to force them to pay penance for their role in ruining the planet. Because they've gotten off scott free for decades.