The Presbyterian Church (U.S.A.) has announced plans to target five public companies that it says “contribute to the ongoing violence that plagues Israel and Palestine.” Church officials said they could ultimately pull their assets, or divest, from those companies if corporate behavior remains unchanged.
On the list are five firms that have allegedly served militaristic efforts of either Israelis or Palestinians. Those named are: Caterpillar, Citigroup, ITT Industries, Motorola and United Technologies. Various church entities own shares in all five firms.
The corporate target list, released August 5, is the latest chapter in the church’s year-old effort to pursue “limited, phased divestment” from companies that are involved in the Israeli-Palestinian conflict.