The contentious debate over regulating carbon emissions may soon move into high gear in Washington. Depending on how forcefully the Obama Administration pushes it, companies could face major changes in environmental regulation and their compliance with corporate sustainability goals overall.

“If it is carried to industry, generally, it will result in far more significant regulation of many, many more businesses and small businesses … than ever before,” David Rifkind, general counsel of Buzzi Unicem USA, said during a recent Webcast sponsored by the Association of Corporate Counsel.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...