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Shell Says Australia Must Move on Climate With ‘Clock Ticking’

Australia should introduce a cap-and-trade system to reduce greenhouse-gas emissions and act “earlier rather than later” to tackle climate change, Royal Dutch Shell Plc said.

“The clock is ticking,” Ann Pickard, chairman of Shell’s operations in Australia, said today in a speech in Sydney, according to an e-mailed copy of her presentation. “I do think that it’s in our interest for Australia to be an example to the rest of the world.”