NextDecade LNG Project Paying Price for ‘Wrist Slap,' CEO Says [BNN Bloomberg (Canada)]
NextDecade Corporation (NEXT)
US:NASDAQ Investor Relations:
next-decade.com/investors
Company Research
Source: BNN Bloomberg
In August, the D.C. Circuit Court struck down NextDecade's permit for its Rio Grande LNG project, along with the Texas LNG project, sending both back to the Federal Energy Regulatory Commission for more environmental review. “The court wanted to wrist slap the commission and provide more process — and it's our $18.4 billion project that's put into jeopardy,” Schatzman said in an interview Monday. The ruling marked the first time a permit was pulled for an LNG project under construction in the US. NextDecade is appealing the decision and is prepared to fight to the Supreme Court, Schatzman said. Meanwhile, the company is moving forward with construction with the goal of supplying countries in Asia and Europe looking to transition away from dirtier fossil fuels. If the ruling is upheld, Schatzman said the project could be halted, jeopardizing as many as 5,000 jobs and contracts with companies including Shell Plc., TotalEnergies, Exxon Mobil Corp., Chinese companies ENN and China
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News
- DC Circuit LNG Case Has Massive Energy Transition Implications [Forbes]Forbes
- NextDecade Provides Third Quarter 2024 Business Update [Yahoo! Finance]Yahoo! Finance
- NextDecade Provides Third Quarter 2024 Business UpdateBusiness Wire
- Cameron Co. tapped for economic development award; state cites Rio Grande LNG's 'exceptional contribution' [Yahoo! Finance]Yahoo! Finance
- Guerilla Litigation Causes Rio Grande LNG's Permits To Be Vacated [Forbes]Forbes
NEXT
Earnings
- 8/14/24 - Miss
NEXT
Sec Filings
- 11/15/24 - Form 4
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- NEXT's page on the SEC website