Photosynthesis by ocean-dwelling cyanobacteria produces around 1/3rd of oxygen IIRC. CO2 causes ocean acidification which reduces their ability to grow, thus limiting O2 production. When it is hotter, plants ability to store carbon and photosynthesise goes down. So not right now, but O2 will be cause for concern in the future if we don't turn away from fossil fuels.
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