A proposal by President Donald Trump to make major oil refineries in the U.s. more energy-efficient would require thousands of jobs, according to a new report by the Economic Policy Institute.
The plan, which would also eliminate a requirement that all new refineries be approved by the federal government, would require the closures of refineries owned by Texas-based Kinder Morgan, which makes the largest crude oil export terminals in the country.
The company’s parent company, Kinder Morgan subsidiary Kinder Morgan Canada Inc., owns more than 60 refineries around the world, including at least one in Alaska, according the report.
In the pipeline proposal, Trump also would require that the Environmental Protection Agency review proposed projects, such as the Keystone XL pipeline that the president announced on Wednesday.
The EPA’s final decision on whether to approve Keystone will be in August, which could lead to delays or cancellations of some oil exports.
The proposal calls for a review of more than 100 projects across the country that are in the pipeline, including those from Texas and Canada.
The EPI also estimates that the proposed Keystone XL would create about 5,000 to 8,000 jobs, including around 1,200 direct construction jobs.
The plan also calls for an investigation of the Kinder Morgan’s ability to compete for pipeline projects, including pipelines that run under federal lands.
Kinder Morgan has already agreed to divest from a pipeline in Montana.
The Keystone XL is a proposed $6 billion pipeline from Alberta, Canada, to Steele City, Oklahoma, to bring Canadian tar sands crude oil to the Gulf Coast, where it is used to make steel and other products.
The pipeline is scheduled to be built under the Obama administration’s Clean Power Plan.
It was originally proposed to carry oil from the Bakken shale in North Dakota to the Steele City Refinery in Oklahoma.
It is currently under construction.
Trump also has proposed eliminating a requirement to build all oil refiners on federal land, but he has not yet committed to changing the rule.
“This plan to create a massive pipeline to transport billions of barrels of oil across the U .
S. and across the entire world, which has the potential to devastate the economy, would harm U.