ESG: Turning Green into Green

ESG is booming, but there's room for further development—Waters speaks to executives from banks, hedge funds, asset managers and vendors to explain how this sector is growing and how AI can speed up its development.

On May 7, a Consolidated Edison (ConEd) substation in Brooklyn dumped thousands of gallons of dielectric fluid into the East River. The failed transformer responsible for the spill contained approximately 37,000 gallons of the mineral oil, which is used to prevent electric discharges. Of that, only about 7,000 gallons have been recovered, with the rest flooding into the water. Allyson Conroy, a Chief Warrant Officer in the US Coast Guard, described it as “a catastrophic failure.”

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