Shares of LNG company NextDecade Corp. (NASDAQ:NEXT) have tanked nearly 50% after an appeals court issued an order vacating the company’s federal regulatory permit for its Rio Grande LNG export complex in Texas, highlighting the big risks energy companies have to contend with when dealing with multibillion-dollar projects. The D.C. Circuit Court of Appeals ruled the Federal Energy Regulatory Commission (FERC) should have issued a supplemental environmental impact statement during its remand process, casting questions over NextDecade’s…
