The Prime Minister surprised the public last week when she announced an end to the suspension on fracking. PM Liz Truss removed the block in a bid to stifle rising energy bill costs in a move that puts her at odds with the Tories’ 2019 General Election manifesto.
In the past week (2nd August), oil and gas giant BP announced a near record high of £6.9 billion profit in the last quarter, triple what they made for the same period last year. Greenpeace UK’s head of climate Kate Blagojevic pointed out that “..these are the same companies responsible for pushing our world closer to catastrophic climate change. This isn’t right.”
At Path, we’re passionate about empowering women to take control of their finances. One very important topic of discussion recently has been the gender pension gap – in the UK, there is a large disparity between the values of personal pensions for men and women.
The current heatwave is a wake-up call. Wildfires and extreme hot weather conditions are causing havoc, climate scientists are warning that the UK should no longer consider itself as a ‘cold country’ and Secretary-General of the United Nations has said that we are facing ‘collective suicide’ over climate change.
We’re thrilled to say that we’ve been named as a 2022 Best for the World™ B Corp™. B Corp is the sustainability gold standard, so we were extremely proud to be awarded B Corp status earlier this year. Being named as a Best for the World is the icing on the cake.
Last weekend marked the Queen’s Platinum Jubilee where millions of people across the UK and Commonwealth came together to celebrate Her Majesty’s 70-year reign. Sunday, however, was also important for another reason: it was World Environment Day.
A major trades union has exposed a massive gender gap in pension pots; the Prospect Union estimated it to be 38 percent between men and women. That’s more than double the gender pay gap – which is estimated to be 15.4 percent.
Food, fuel and gas prices are all soaring, pushing inflation to a 40-year high of 9 percent. It means hard-pressed consumers are having to spend more of their pay packet on groceries, drinks, clothes and other items; more so than they would have done so one year ago.
According to the publication, 195 ‘carbon bombs’, the oil and gas projects which would see a billion tonnes of carbon dioxide emissions emitted over their lifetime, are planned and sixty percent of these have already began.
Just in time for Easter, we’re delighted to have been awarded a Good Egg mark from Good With Money.
We join just six other companies with the Good Egg mark, making it easier for people to find responsible financial businesses that are doing the right thing and making a positive impact for the environment and society.