Business

Suit blocking Salem power plant is settled

Footprint Power LLCplans to replace the coal-fueled Salem Harbor Power Station with a gas-fueled plant.
Footprint Power LLCplans to replace the coal-fueled Salem Harbor Power Station with a gas-fueled plant.Credit: Dina Rudick/Globe Staff

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An influential local environmental group and a New Jersey company on Tuesday settled a case over the siting of a natural gas-fired power plant in Salem, an agreement that should allow the $1 billion project to move forward.

In the settlement with the Boston-based Conservation Law Foundation, the power plant developer, Footprint Power LLC of Bridgewater, N.J. agreed to reduce greenhouse gas emissions over the life of the plant to meet the goals of a state law aimed at addressing climate change. Footprint also agreed to shut the plant by the beginning of 2050.

Greenhouse gases such as carbon dioxide, which are produced by burning fossil fuels such as natural gas, coal, and oil, are considered major contributors to rising global temperatures.

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