If people cared enough to make huge sacrifices, we could absolutely do it right now. Now the technology to make it effortless, so it happens automatically without people doing anything expensive or difficult? E.g. pulling carbon from the air to make things becomes cheaper and superior to pulling oil from the ground? Indeed, we are a ways from that.
If we EVER want to get back to today's climate, you know, "normal", it requires removing gigatons of CO2 from the air. From a pure chemistry energy of reaction standpoint, that will be enormously expensive. There is zero technology that can change the physics fact that combining CO2 with something that will sequester it will take more energy than we ever got out of it.
Petroenergy is explicitly a loan. We have to pay that back