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Stock impact report

NextDecade LNG Project Paying Price for ‘Wrist Slap,' CEO Says [Yahoo! Finance]

NextDecade Corporation (NEXT) 
US:NASDAQ Investor Relations: next-decade.com/investors
Company Research Source: Yahoo! Finance
Chief Executive Officer Matt Schatzman. Most Read from Bloomberg How Americans Voted Their Way Into a Housing Crisis World's Second Tallest Tower Spurs Debate About Who Needs It UC Berkeley Gives Transfer Students a Purpose-Built Home on Campus The Plan for the World's Most Ambitious Skyscraper Renovation Chicago Halts Hiring as Deficit Tops $1 Billion Through 2025 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 Show less Read more
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