Decides to back "ethically responsible business" in Holy Land
Sep 19, 2006
The United Church of Canada has dropped a proposal to sell off stock in companies that contribute to the Israeli occupation of Palestinian territories and has decided to back “ethically responsible business” in the Holy Land.
The 39th general council of the largest Protestant church in Canada, meeting in Ontario, adopted a resolution August 17 calling for “a pro-investment strategy with companies which engage in ethically responsible business” in Israel and in Palestinian areas.
The council backed off a resolution calling for a “selective, phased disinvestment” from Canadian and international companies involved in the Israeli occupation of Palestinian territories after hearing from two rabbis with opposing stances and a church investment specialist. Canadian Jewish organizations also had weighed in with their objections to divestment.