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(AP/Houston Chronicle) The Presbyterian Mission Responsibility through Investment Committee accused five companies Friday of contributing to "ongoing violence that plagues Israel and Palestine" and pledged to use the church's multimillion-dollar stock holdings in the businesses to pressure them to stop. The targeted companies are Caterpillar, Citigroup, ITT Industries, Motorola, and United Technologies. David Elcott, head of interreligious relations for the American Jewish Committee, contended the Presbyterian strategy was meant to "punish and attack" Israel. He said he was particularly upset by the timing of the announcement, two weeks before Israel prepares to withdraw from the Gaza Strip. 2005-08-11 00:00:00Full Article
Presbyterians Target Companies Linked with Israel
(AP/Houston Chronicle) The Presbyterian Mission Responsibility through Investment Committee accused five companies Friday of contributing to "ongoing violence that plagues Israel and Palestine" and pledged to use the church's multimillion-dollar stock holdings in the businesses to pressure them to stop. The targeted companies are Caterpillar, Citigroup, ITT Industries, Motorola, and United Technologies. David Elcott, head of interreligious relations for the American Jewish Committee, contended the Presbyterian strategy was meant to "punish and attack" Israel. He said he was particularly upset by the timing of the announcement, two weeks before Israel prepares to withdraw from the Gaza Strip. 2005-08-11 00:00:00Full Article
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