If the environmental risks of opening Alaskas fragile Arctic National Wildlife Refuge to oil and gas development werent enough cause for concern, a new analysis has found that the economic benefits the Trump administration and Republican lawmakers have touted to push the plan are unattainable.

The report , published Wednesday by conservation nonprofit The Wilderness Society, comes as the Trump administration weighs a proposal to allow seismic surveys in the refuge. The surveys would be a key first step in the administrations push to approve drilling leases as early as 2019 .

Late last year, GOP lawmakers passed a wildly unpopular tax bill that included a provision introduced by Sen. Lisa Murkowski (R-Alaska) requiring the Interior Department to approve at least two lease sales each consisting of at least 400,000 acres in the refuges 1.5 million-acre coastal plain, also known as the 1002 Area.

The Interior Department, which has prioritized opening the area as part of the administrations fossil fuel-focused energy dominance agenda, has said the leases would generate an estimated $1.8 billion in federal revenue over a decade. The Congressional Budget Office has pegged the figure at closer to $1.1 billion .

It is a pipe dream to say that theyre going to reach those estimates, Ben Gruel, the Arctic refuge campaign director at The Wilderness Society, told HuffPost by phone Wednesday.

CBOs estimate assumes that all 800,000 acres are leased for $7,500 per acre, according to The Wilderness Society report, which is based on research conducted by Virginia-based Key-Log Economics and funded by The Wilderness Society. But in recent years, the average acre on Alaskas North Slope has sold for around $41, the analysis found. And oil prices are forecast to fall in 2019, according to the U.S. Energy Information Administration .

The report also highlights the challenges and high costs of drilling the remote Arctic, notes that approximately half of the 25 million acres of land leased in the continental U.S. are not producing energy, and calls on Congress to repeal the drilling provision from the tax law.

The Trump administration is using fake economics and bogus data to mislead Americans as part of its irresponsible rush to turn over our public lands to oil companies for development, Chase Huntley, senior director for climate and energy programs at The Wilderness Society, said in a statement accompanying the report.

The report adds to previous research showing that the purported economic incentive of opening the area could be wildly off-base.

An analysis by the left-leaning Center for American Progress found that the U.S. government would likely only collect $37.5 million over 10 years. Bloomberg reported in October 2017 that previous lease sales in the Arctic suggest the U.S. is likely to collect less than a fifth of that billion-dollar goal, or about $145.5 million.

Even if CBOs estimate is correct, lease sales and royalties from drilling in this pristine landscape would, at best, recoup roughly 0.075 percent of the $1.47 trillion that the GOP tax law is expected to add to the national deficit by 2027.