The diving ability of marine mammals is a function of how they use and store oxygen and the physiological control of ventilation, which is in turn dependent on the accumulation of CO2. To assess the influence of CO2 on physiological control of dive behaviour, we tested how increasing levels of inspired CO2 (hypercarbia) and decreasing inspired O2 (hypoxia) affected the diving metabolic rate, submergence times, and dive recovery times (time to replenish O2 stores and eliminate CO2) of freely diving Steller sea lions. We also measured changes in breathing frequency of diving and non-diving individuals. Our findings show that hypercarbia increased breathing frequency (as low as 2 % CO2), but did not affect metabolic rate, or the duration of dives or surface intervals (up to 3 % CO2). Changes in breathing rates indicated respiratory drive was altered by hypercarbia at rest, but blood CO2 levels remained below the threshold that would alter normal dive behaviour. It took the sea lions longer to remove accumulated CO2 than it did for them to replenish their O2 stores following dives (whether breathing ambient air, hypercarbia, or hypoxia). This difference between O2 and CO2 recovery times grew with increasing dive durations, increasing hypercarbia, and was greater for bout dives, suggesting there could be a build-up of CO2 load with repeated dives. Although we saw no evidence of CO2 limiting dive behaviour, the longer time required to remove CO2 may eventually exhibit control over the overall time they can spend in apnoea and overall foraging duration.