The Keystone XL oil pipeline would boost US exports to Canada and Mexico by 10 to 15 percent, and help to relieve energy shortages in the US and Europe, according to a study released on Monday.
Keystone XL would be the first in the United States to carry oil from Alberta, Canada, through Texas to Gulf Coast refineries, and would bring billions of dollars of investment to the region.
“The pipeline is expected to bring jobs and revenue to Texas and to the rest of the country,” said Robert B. Brown, a professor of environmental engineering at Northeastern University and the lead author of the study.
The study was funded by the US Department of Energy, the US Federal Energy Regulatory Commission, and the US Environmental Protection Agency.
Brown’s research is based on a model of the pipeline and other infrastructure projects that are currently in the planning stages.
The pipeline’s route and capacity are estimated to be between 4 and 890 miles.
The pipeline would be constructed between the cities of Cushing, Oklahoma, and Little Rock, Arkansas, and run through the heart of the state.
The first phase of the project, which would be completed by 2026, would carry 1.8 million barrels per day of oil and 2.2 million barrels of natural gas to refineries in Texas and Mexico.
A second phase, which will take place between 2025 and 2030, would bring the oil to refiners in Oklahoma, Iowa, Minnesota, and Nebraska.
The project has received a mixed response from the US public.
In February, President Donald Trump signed an executive order that suspended the entire Keystone XL pipeline project.
The decision triggered a flurry of protests in several US cities.
The United States and Canada signed an agreement in October 2017 to construct the pipeline, which is estimated to bring $3.7 billion in revenue to the US economy.
The US and Canada are also negotiating a long-term pipeline deal, which could see the US increase its output to 20 million barrels a day.
In November 2017, the Trump administration announced that the Keystone XL would move to a new site, where it would carry up to 1.6 billion barrels of oil a day to refiner terminals in Texas, New Mexico, and Oklahoma.
The new pipeline would also pass through a section of the Missouri River that is used by livestock.
The US and Canadian governments have agreed to phase out the construction of Keystone XL and to increase the amount of crude oil sold from Canadian refineries.
The move was designed to help keep oil prices low, while also boosting economic growth.
The Keystone XL project was approved by the Environmental Protection Administration in August 2018.
The final approval was granted in late February 2019, and is now awaiting the Federal Energy Commission’s final approval.