UCC delegates to consider divestment

Economic pressure
The United Church of Christ will vote in July on whether to pull invested church money from U.S. companies involved in constructing Israeli settlements and assisting with security measures in Palestinian territories.

If approved, the 1.4-million-member church (with a $3 billion portfolio) would become the second U.S. Protestant body to explore pulling investments from Israel in protest of what they call Israel’s harsh treatment of the Palestinians.

The Presbyterian Church (U.S.A.) voted last year to begin divesting from U.S. companies profiting from Israeli construction in the West Bank and Gaza. The United Methodist Church and the Presbyterians have used shareholder actions to protest use of the Illinois-based Caterpillar’s bulldozers to demolish Palestinian homes.

 

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