Presbyterians vote 483-28 to cancel divestment from Israel

June 22, 2006 23:56
1 minute read.


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


The Presbyterian Church USA has ended its two-year policy of divesting from companies doing business with Israel and adopted a new resolution which does not single out Israel as a target for divesting funds. The new policy was approved Wednesday by the general assembly of the church gathered in Birmingham, Alabama, winning an overwhelming 483-28 majority. According to the new language adopted by the Church, investments in the Middle East should be done "in only peaceful pursuits" and will be subject to the same scrutiny as any other investment. The term "divestment" is not included in the resolution. The Church's new policy is a shift from its 2004 stand, which advocated a "phased and selective" divestment from multinational companies which have profited from contracts with Israel in connection to the "occupation" of the West Bank. Though the church did not actually pull out any investments yet, it was in the process of discussing the possibility with five companies that did business with Israel, including Caterpillar and Motorola. According to the new resolution, investments in these firms and others that have ties to Israel will no longer be singled out by the church's investment committee. The church also added a clause to the resolution in which it express its regret over the "hurt and misunderstanding" the divestment resolution caused to the American Jewish community. Jewish communal activists welcomed the new resolution, which is seen as a victory to the anti-divestment movement. "The new overture, which directs the church to analyze its financial investments under its traditional process and not single out Israel, demonstrates the continued importance of interfaith dialogue in resolving problems between faith groups," said Abraham Foxman, national director of the Anti-Defamation League (ADL). Mark Pelavin of the Religious Action Center of the Reform movement added that the Presbyterian Church "got it right." Pelavin, who spoke to the delegates at the general assembly, said that the new resolution "is a tribute to their seriousness of purpose, and their open-minded consideration of the proposals before them."

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Illustration photo of a Mastercard logo on a credit card
June 26, 2019
NGOs attempt to hold MasterCard accountable for servicing neo-Nazi group


Cookie Settings