NextDecade's (NEXT) Rio Grande LNG Project Faces Legal Setback

NextDecade Corporation (NEXT) has recently faced a major blow against its Rio Grande LNG plant in Texas, which is currently under construction. A U.S. Court of Appeals has revoked the permit that was issued by the Federal Energy Regulatory Commission ("FERC") for the Rio Grande LNG export project. NextDecade's share price fell sharply following the announcement. A case was filed by the Sierra Club, the City of Port Isabel, the Carrizo/Comecrudo Tribe of Texas, and Vecinos para el Bienestar de la Comunidad C ...