The United Methodist General Board of Church and Society in the US will unveil proposals to divest holdings in Caterpillar Inc tomorrow (Friday). The 7.9 million member United Methodist Church's pension agency reportedly has $5 million in Caterpillar shares out of $15 billion in assets.
The chief of the United Methodist Church's public affairs unit in the US will meet today with Jim Owens, President and CEO of Caterpillar in order to convey his opposition to Caterpillar's equipment sales to Israel.
In a move that will be seen by campaigners as a snub to the Church of England's 'Parliament', the Churchís Ethical Investment Advisory Group (EIAG) has said it will not recommend disinvestment from the controversial US company Caterpillar
Christian peace campaigners are this morning welcoming the vote last night by the Church of England's general synod - including the Archbishop of Canterbury - to disinvest church funds from companies profiting from Israel's illegal occupation of Palestinian territory.