If time is a local observable, then Hawking radiation is unitary
  In the usual formulation of quantum theory, time is a global classical evolution parameter, not a local quantum observable. On the other hand, both canonical quantum gravity (which lacks fundamental time-evolution parameter) and the principle of spacetime covariance (which insists that time should be treated on an equal footing with space) suggest that quantum theory should be slightly reformulated, in a manner that promotes time to a local observable. Such a reformulated quantum theory is unitary in a more general sense than the usual quantum theory. In particular, this promotes the non-unitary Hawking radiation to a unitary phenomenon, which avoids the black-hole information paradox. 
H. Nikolic
gr-qc hep-th quant-ph