presbyterians threaten divestment over israel policies
may this be but the first of many such actions.
Threat to Divest Is Church Tool in Israeli Fight
By LAURIE GOODSTEIN
Published: August 6, 2005
The Presbyterian Church U.S.A. announced Friday that it would press four American corporations to stop providing military equipment and technology to Israel for use in the occupation of the Palestinian territories, and that if the companies did not comply, the church would take a vote to divest its stock in them.
The companies - Caterpillar, Motorola, ITT Industries and United Technologies - were selected from a list of several dozen possibilities by a church investment committee that met Friday in Seattle. The Presbyterians accused these companies of selling helicopters, cellphones, night vision equipment and other items Israel uses to enforce its occupation.
In an effort to appear even-handed in the Israeli-Palestinian conflict, the church committee also included Citigroup on its list of targets, alleging it had a connection to a bank accused of having a role in funneling money from Islamic charities to the families of Palestinian suicide bombers. The church said it included Citigroup because it was mentioned in an article in The Wall Street Journal.
A spokeswoman for Citigroup called the church's assertion "an outrage," a reaction echoed at several of the other corporations.
The Presbyterian Church U.S.A. is in the forefront of a campaign now spreading to other mainline Protestant churches to use corporate divestment as a tactic in the Middle East conflict, a tactic that is roiling relations with Jewish groups.
The Episcopal Church U.S.A., the United Church of Christ, two regions of the United Methodist Church, as well as international groups like the World Council of Churches and the Anglican Consultative Council have all urged consideration of divestment or economic pressure in recent months, though the tone and emphasis of each resolution varies. The Disciples of Christ passed a resolution last month calling on Israel to tear down the barrier it has built to wall off the occupied territories, and other churches are considering similar resolutions.
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Threat to Divest Is Church Tool in Israeli Fight
By LAURIE GOODSTEIN
Published: August 6, 2005
The Presbyterian Church U.S.A. announced Friday that it would press four American corporations to stop providing military equipment and technology to Israel for use in the occupation of the Palestinian territories, and that if the companies did not comply, the church would take a vote to divest its stock in them.
The companies - Caterpillar, Motorola, ITT Industries and United Technologies - were selected from a list of several dozen possibilities by a church investment committee that met Friday in Seattle. The Presbyterians accused these companies of selling helicopters, cellphones, night vision equipment and other items Israel uses to enforce its occupation.
In an effort to appear even-handed in the Israeli-Palestinian conflict, the church committee also included Citigroup on its list of targets, alleging it had a connection to a bank accused of having a role in funneling money from Islamic charities to the families of Palestinian suicide bombers. The church said it included Citigroup because it was mentioned in an article in The Wall Street Journal.
A spokeswoman for Citigroup called the church's assertion "an outrage," a reaction echoed at several of the other corporations.
The Presbyterian Church U.S.A. is in the forefront of a campaign now spreading to other mainline Protestant churches to use corporate divestment as a tactic in the Middle East conflict, a tactic that is roiling relations with Jewish groups.
The Episcopal Church U.S.A., the United Church of Christ, two regions of the United Methodist Church, as well as international groups like the World Council of Churches and the Anglican Consultative Council have all urged consideration of divestment or economic pressure in recent months, though the tone and emphasis of each resolution varies. The Disciples of Christ passed a resolution last month calling on Israel to tear down the barrier it has built to wall off the occupied territories, and other churches are considering similar resolutions.
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posted by scalene at 6:10 PM
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