Anglican Church Votes To Sell Shares in Caterpillar

After being challenged by the Episcopal Bishop of Jerusalem, The Church of England voted on February 6, 2006 to divest funds from companies profiting from Israel’s occupation of Palestinian territory. The main target is Caterpillar, the U.S. Company that makes equipment including bulldozers used by Israel to demolish Palestinian homes and orchards.

The Bishop of Chelmsford, the Rev. John Gladwin told the meeting that the problem in the Middle East was the government of Israel rather than Caterpillar but said it was important that the church invest only in organizations which behave ethically.

The Rev. Riah Abu El Assal, Episcopal Bishop of Jerusalem, had sent the following challenging message to the Synod.

"I am saddened to witness less courage within our church than one would expect. Both time and energy have been spent on issues such as human sexuality. But non violent instruments such as divestment from companies that produce death rather than life does not get the same attention. No wonder the church is loosing credibility in many parts of our world. The Elijah’s are absent and the voiceless wait in vain for church Synods to be their voice. Need the church wait until there are no homes and no trees for our people to wake up and tell the Ahabs of today that Naboth is but another child of God and deserves to lead a life with dignity and secure enough that those bulldozers will not reach his home." + Bishop Riah Abu El Assal

Text of the motion passed by General Synod:

"This Synod:

(a) heeds the call from our sister church, the Episcopal Church in Jerusalem and the Middle East, for morally responsible investment in the Palestinian occupied territories and, in particular, to disinvest from companies profiting from the illegal occupation, such as Caterpillar Inc, until they change their policies;
(b) encourages the Ethical Investment Advisory Group to follow up the consultation referred to in its Report with intensive discussions with Caterpillar Inc, with a view to its withdrawing from supplying or maintaining either equipment or parts for use by the state of Israel in demolishing Palestinian homes;
c) in the light of the urgency of the situation, and the increased support needed by Palestinian Christians, urges members of the EIAG to actively engage with monitoring the effects of Caterpillar Inc's machinery in the Palestinian occupied territories through visiting the Episcopal Church in Jerusalem and the Middle East to learn of their concerns first hand, and to see recent house demolitions;
d) urges the EIAG to give weight to the illegality under international law of the activities in which Caterpillar Inc's equipment is involved; and
e) urges the EIAG to respond to the monitoring visit and the further discussions with Caterpillar by updating its recommendations in the light of these."

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