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Last week it was revealed that pension fund giant TIAA-CREF had dropped more than $72m in Caterpillar shares from its Social Choices Fund. The move was based on Caterpillar's downgrading by ethical investment ratings agency MSCI, which said in a statement that one of the key factors in its decision was the "on-going controversy associated with use of the company’s equipment in the occupied Palestinian territories."
Beginning this weekend, the Presbyterian Church (USA) will also consider a motion to divest church holdings from Caterpillar and two other companies for their involvement in sustaining Israel's occupation and settlement enterprise, during the Presbyterian General Assembly taking place in Pittsburgh.
Please join us as we discuss these and other developments in the global BDS movement with Rabbi Alissa Wise of We Divest, Reverend Walt Davis of the Presbyterian Church (USA), and Omar Barghouti, one of the initiators of the Palestinian BDS call.
It's good to talk.