Results for: Caterpillar

BNC Statement

"There comes a time when silence becomes betrayal." --Rev Dr.

July 7, 2012
By: 
Analysis

On Tuesday, I will be visiting Pittsburgh to perform my Pink Floyd hit "The Wall" at Consol Energy Center. By coincidence, the General Assembly of the Presbyterian Church (USA) has gathered this week in Pittsburgh.

One issue the Presbyterians will be debating is whether to take action in support of Palestinians living under Israeli occupation in the West Bank, under siege in Gaza and as second-class citizens in Israel under the rule of the apartheid government there.

I write in support of those Presbyterians who would like their church to divest its holdings in three U.S.

In the News

WASHINGTON (JTA) – The sale of Caterpillar tractors to Israel was a factor, but not the determining one, in the delisting of the company from an influential index that prioritizes good governance and human rights.The move, however, is poised to further complicate the difficult ongoing conversation about Israel taking place between American Jewish gruops and the Presbyterian Church (USA).

A senior official at MSCI-ESG, a subdivision of MSCI, an investment advice firm, said Caterpillar already had a low rating before its delisting earlier this year, in part because of its association with the I

In the News

June 21, 2012- Pension fund giant TIAA-CREF has removed Caterpillar, Inc. from its Social Choice Funds portfolio. As of May 1, 2012, financial data posted on TIAA-CREF’s website valued Social Choice Funds shares in Caterpillar at $72,943,861. Today it is zero.

“We applaud this decision,” said Rabbi Alissa Wise, Director of Campaigns at Jewish Voice for Peace and National Coordinator of the We Divest Campaign (www.wedivest.org).

June 21, 2012
In the News

Pension fund giant TIAA-CREF has removed Caterpillar, Inc. from its Social Choice Funds portfolio. As of May 1, 2012, financial data posted on TIAA-CREF’s website valued Social Choice Funds shares in Caterpillar at $72,943,861. Today it is zero.

“We applaud this decision,” said Rabbi Alissa Wise, Director of Campaigns at Jewish Voice for Peace and National Coordinator of the We Divest Campaign (www.wedivest.org).

June 21, 2012
Analysis

Dear Commissioners:

I wish you all well from the Holy Land and hope you have a fruitful 220th General Assembly.

I write you wearing two hats, that of an Ohio-born and educated American, and that of a Palestinian businessman who relocated with his family to his father’s birthplace, Al-Bireh/Ramallah, after the 1993 Oslo Peace Accords and who has lived under Israeli military occupation ever since.

I know that the Church has come under extreme pressure from the Israel lobby to invest in Palestine rather than to divest from American companies that are profiting from the violent Israeli military

June 18, 2012
In the News

Editor’s note: Here is a copy of the recently released report by the Presbyterian Church (USA)’s Mission Responsibility Through Investment (MRTI) Committee. It summarizes a recent meeting between Caterpillar and representatives of the Presbyterian Church (USA) and the United Methodist Church. Both churches are considering whether to divest from Caterpillar. This report documents Caterpillar’s intransigence and unwillingness to compromise. Corporate engagement has not worked.

April 25, 2012
In the News

Olympia, WA - April 23, 2012 - At the 2012 Pacific Northwest Movimiento Estudiantil [email protected] de Aztlán (MEChA) Regional Conference, chapter leaders voted to endorse the Palestinian call for Boycott, Divestment and Sanctions aimed at forcing Israel to meet its obligations under international law.  The Pacific Northwest MEChA Conference’s endorsement follows an endorsement made at the 2012 National MEChA Conference held in Phoenix, Arizona.

In the News

A new Boycott, Divest and Sanctions (BDS) campaign was launched this summer by the United Church of Canada, which will try to persuade six companies operating in Canada — Caterpillar, Motorola, Ahava, Veolia, Elbit Systems and Chapters/Indigo — to stop supporting the Israeli occupation. “The Campaign follows similar campaigns launched some time ago by the US Presbyterian Church and the New England Conference of the United Methodist Church. We have launched ‘Occupied with Peace’ after almost two years of discernment and information gathering,” says spokesperson Jean Lee.

In the News

After seven years of apparently futile corporate engagement with Caterpillar over its business practices in Israel/Palestine, the Mission Responsibility Through Investment committee is recommending that the Presbyterian Church (U.S.A.) add the company to its divestment list.

MRTI is also recommending that the 220th General Assembly (2012) add Motorola Solutions and Hewlett-Packard to the list.

The move toward divestment is the “logical conclusion to what the (General Assembly) asked us to do,” said the Rev.