The new pipeline will allow for a faster, cheaper route to transport oil from Houston to refineries in Gulf Coast states, a move that will create thousands of jobs, Axios reports.
The pipeline, the Keystone XL, is the third major energy project in the Gulf that Texas has approved.
It is being developed by Enbridge, which also owns the Texas Railroad Commission and is a major investor in the pipeline.
The company has already begun the process of building a pipeline from Texas through Louisiana to Alabama.
The project is expected to begin construction by the end of the year, and it could be finished by 2022.
The Keystone XL will cross the Mississippi River, pass through several refineries, and cross the Texas Gulf Coast to carry crude oil from Canada.
The U.S. is currently the world’s largest importer of crude oil.
In December 2016, the U.K. voted to leave the European Union and began a process of withdrawal.
The decision sparked a surge of global interest in Canada’s energy industry.
As a result, oil prices spiked to over $100 a barrel in December 2016 and the country’s stock market dropped more than 50 percent over the same period.
In a move to boost oil prices, the Organization of the Petroleum Exporting Countries (OPEC) agreed to increase production from 1.3 million barrels per day (bpd) in 2019 to 2.5 million bpd by 2030.
This would result in an average of 590,000 barrels per week.
Keystone XL is a key component of that effort.
It would take up about 4.8 million barrels of oil per day, and would carry 1.1 million bp of oil through the U:H pipeline, according to Axios.
The state has spent millions on the pipeline, but has yet to begin the permitting process.
A number of issues have been raised with the pipeline’s design and environmental impact, but the company has not yet released the pipeline site.
It has proposed a route through Louisiana and Alabama.
It will also pass through the Mississippi and the Ohio rivers.
A group of landowners, environmentalists, and scientists have expressed concerns about the pipeline and environmental impacts.
According to Axsios, the pipeline is the first pipeline project in Texas that is expected for completion this year.
The State Department said in a statement that “the State Department is actively working with the federal and state governments to ensure the pipeline can move safely and safely to market.”
The state’s Department of Transportation said in the same statement that it is “evaluating the project, and will take all appropriate actions to protect the public and the environment.”
In the meantime, the company is working with several landowners to seek environmental reviews of the pipeline in Louisiana, according.
The Louisiana Department of Environmental Quality has said that the project is “not currently in the environmental review phase.”
However, the state’s attorney general said the agency would seek an environmental review if it does so.
A Texas environmental group has also asked the federal government to halt the project.