Has a nice sound, doesn't it?
The Presbyterian Church (U.S.A) will begin a "progressive engagement" process, using dialogue, shareholder action and divestment, with five companies that it says contribute to violence in Israel and Palestinian lands.
The companies are Caterpillar Inc., Citigroup, ITT Industries, Motorola Inc. and United Technologies.
"We have chosen these companies because we believe that they can make changes that will increase the possibilities for a just peace in the region," said Carol Hylkema, chairwoman of the church's Mission Responsibility through Investment Committee. "... The Presbyterian Church calls on them to act responsibly."
Last year, the church's general assembly instructed the committee to begin a process of phased, selective divestment of stock in companies that do business in Israel. In a news release, the church said it will begin the process with dialogue, shareholder resolutions and public pressure, using divestment as a "last resort."
First the velvet glove, then the iron fist. My response: FOAD.
Ok, now I'm going to try very hard to find something NICE to post.
