And here is the counter argument:
$1:
Still, not all scientists are convinced: "The one difficulty in arguing that CO2 is the cause is that in cardiac arrests, everybody has high CO2 but only 10 percent have NDEs," said neuropsychiatrist Peter Fenwick of the Institute of Psychiatry at Kings College London.
What's more, in heart attack patients, Fenwick said, "there is no coherent cerebral activity which could support consciousness, let alone an experience with the clarity of an NDE."