The Globe and Mail reports in its Wednesday, May 13, edition that Ottawa and Alberta are near finalizing an accord on industrial carbon pricing, increasing the fee to $130 a tonne by 2040, according to several sources. A quadruple bylined item led by Emma Graney reports that if approved, the agreement would significantly reverse the Trudeau era's climate policy and enable another oil pipeline to British Columbia, along with increased crude production. A carbon pricing deal would help finalize last year's memorandum of understanding, which linked Ottawa's support for a potential pipeline to Alberta raising its carbon price and meeting environmental goals. This MOU was seen as the beginning of a new era of co-operation between the governments. Talks on the accord had been stymied by a disagreement over the speed at which the province must increase its carbon price to $130 a tonne, from its current $95. Prime Minister Mark Carney is expected to present the plan at a Wednesday cabinet meeting, according to two other government sources. There are tentative plans for Mr. Carney to fly to Alberta later this week to announce the deal, two sources said.