A new theory explains why dinosaurs, pterosaurs and large avian species like Hesperornis became extinct at the end of the Cretaceous while mammals, smaller Cretaceous birds, crocodiles, chelonians and saurians survived. An atmospheric carbon dioxide/oxygen imbalance at the end of the Cretaceous caused by  kimberlite volcanism, basalt flows and a reduction in oxygen production by marine phytoplankton is proposed. The unfavourable area to volume ratio of large eggs for diffusion of respiratory gases compared to that of small eggs resulted in the asphyxiation of the embryos of large endothermic egg laying groups. Endothermic species, e.g. dinosaurs that covered their eggs with soil, restricted the free circulation of air and would have been first to become extinct. Smaller ectothermic species, e.g. crocodiles, chelonians and saurians with lower embryonic respiratory requirements and endothermic species like the birds that did not cover their eggs, survived.