Part of the text from a United Church of Christ News article.
MIDDLE EAST: Can the church leverage its portfolio for peace? General synod will consider two resolutions that call for the church to use its economic leverage to express disapproval of companies allegedly profiting from Israel's occupation of Palestinian territory. A proposed resolution brought by a coalition of six congregations in Hawaii, Montana and Washington calls for "a study of divestment of church funds from companies that profit from the perpetuation of violence and injustice in Israel and Palestine." A second proposal sponsored by the Penn West Conference asks for selective divestment from firms "involved with Israel's occupation of the West Bank and Gaza, the building of the 'security fence,' and the Israeli settlements within the Palestinian Territory." If approved, the UCC would follow in the path of the General Assembly of the Presbyterian Church (U.S.A.) which last year voted to begin a study of divestment from such companies. The Rev. Alan N. McLarty, Penn West Conference Minister, told the Los Angeles Times that the proposed resolution seeks to "affirm that God seeks shalom, peace, that will bring health and wholeness to all people in the Mideast." Penn West's resolution affirms Israel's right to exist, condemns violence on both sides of the conflict and notes that the UCC has passed resolutions condemning anti-Semitism. The proposal also explicitly names Caterpillar Inc. as a candidate for divestment, arguing that it is profiting from the perpetual violence in the Middle East. "[Caterpillar's] purpose-built machines have enabled, and are still enabling, the Israeli Defense Force to destroy increasingly more Palestinian homes and olive orchards," the measure reads. "One of these machines was instrumental in the deliberate crushing to death of the young American peace volunteer Rachel Corrie in Gaza on March 16, 2003." The Presbyterians and United Methodists are also reportedly considering a "corporate social responsibility" campaign against Caterpillar. The Episcopal Church, Evangelical Lutheran Church in America and Christian Church (Disciples of Christ) also could consider economic leverage resolutions regarding Israel/Palestine at upcoming national assemblies. The divestment effort is being met with widespread disapproval from Jewish organizations. Earlier this year, when the UCC/Disciples' Global Ministries published an online study document entitled "The Palestinians, Israel, and the Churches' Economic Leverage," the Anti-Defamation League responded with a letter on Feb. 8 complimenting the balance of the church's background piece but criticizing the idea of "divestment as formal church policy." "While you go to great lengths to demonstrate the many ways economic 'leverage' might be employed to encourage the peace process, there is precious little else," the letter stated. "We question why there are no alternatives Š ." The UCC Pension Boards, located in New York, issued a statement on its website on April 22, saying it "shares the goals of a lasting peace between Palestinians and Israelis, strengthening the Palestinian economy and preserving interfaith relationships" and "believes there is room for a variety of strategies among the UCC's settings, as well as our ecumenical and interfaith partners, united in seeking a common goal." The Pension Boards, however, says a "full range of possibilities" should be explored "before the church commits to any particular course of action." "The Pension Boards understands that many of our members do not want to profit from certain corporate activity," the statement says. "Š However, we view divestment ‹ the intentional sale of stock ‹ as a 'last resort' strategy, to be considered only after a corporate engagement or shareholder activism approach has failed." A third proposed resolution on the Middle East, "Tear Down The Wall," sponsored by Wider Church Ministries, calls upon the Israeli government to cease construction and dismantle the massive security barrier the separates the Israeli and Palestinian territories and calls for reparations to those displaced by its construction.