Joe Biden’s proposal to ban new offshore oil and gas drilling in federal waters would cost nearly 200,000 jobs, strip the U.S. government of billions in dollars of revenue, and potentially push production to other countries, according to a new study commissioned by the industry’s trade group.

The study, released Tuesday by the National Ocean Industries Association, does not name Biden. But its release is intended to underscore the potential consequences of Biden’s proposal to prevent the U.S. government from issuing new oil and gas drilling permits in federal waters, which had experienced record oil production before the coronavirus halted demand.