One scheme that actually would work is to convert the wood to coal, then burying it. That could be done without adding any energy by using old-fashioned methods for charcoal burning.
https://en.m.wikipedia.org/wiki/Charcoal_burner
Because charcoal is chemically inert, the buried charcoal should stay put for up to a few hundred years,rather than a couple of decades for the decomposing wood.
500m high is another level. If it took, say, 1000 years for them to decompose fully and release their CO2 in to the atmosphere, that's still potentially useful even if its technically net zero.
We really only need to get past the next 100 years.
Only if there is water. Bury it deep enough, or protect it from water (i.e. like a landfill).
https://www.permaculture.co.uk/articles/many-benefits-hugelk...
That said, you aren't going to make a considerably dent in the CO2 emitted in a given time period doing this. Used in combination with dozens of other things though...
Allocate some large area of ground for planting fast-growing trees. Dig a large and deep hole in the middle; something like 20 meters in diameter x 500 meters in depth. Let the trees grow; when they're mature, cut them down, throw into the hole, and throw a bunch of dirt (from the mound you made by digging the hole) behind them. Plant new trees, rinse and repeat until the hole is full, then dig another one somewhere near. Would that even make sense as a carbon sequestration facility?