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Britain | |
Church of England divests from U.S. bulldozer biz | |
2009-02-10 | |
The Church of England announced Monday it had withdrawn its investments in a controversial company over the weekend following a threat by a group of vicars to publish a letter denouncing the Church's investment, but denied there were any political or ethical consideration in what it called an economically informed decision. The Church of England said Monday that it withdrew £2.2 million ($3.3 million) from Caterpillar Inc. in late December 2008 because of economic considerations. Israel used bulldozers bought from the U.S.-based manufacturer of construction and mining equipment to demolish Palestinian homes.
"We believe that given the events in Gaza as well as the continued illegal occupation of whole swathes of Palestinian land and the illegal land grabs by settlers, supported by the Israeli Government, that the Church of England must make good on its policy of disinvestment and withdraw its investments from those who profit form the misery of millions of Palestinians immediately," the unpublished letter stated. But the church denied it had withdrawn investment for political or ethical reasons and said the timing of the announcement was coincidental. "The holding status was made public when (the Church was) asked," church spokesperson Steve Jenkins told AlArabiya.net. "The Church of England withdrew shares it held in Caterpillar for purely investment reasons." He added that the Church sold its shares in Caterpillar late December "on investment grounds," explaining that the church's investment bodies is charged with making investment decisions and takes into account the recommendations of the ethical advisory group. | |
Posted by:Fred |
#9 "The Church of England ... denied there were any political or ethical consideration ..." Why do these 'holy' men resort to ridiculous lies? Are they ashamed of their actions? Are they next going to deny that their banning members of a perfectly legal political party from being priests is political? The CoE has become a sick parody of its former self, eaten from within by leftist charlatans. I'll be glad when it dies, I'm just sorry for the great churches and cathedrals - and betrayed congregations - who will remain. |
Posted by: Bulldog 2009-02-10 12:21 |
#8 TW In fact the Core 2 architecture who allowed Intel to put AMD against the ropes after years of losing the performance battle against AMD products was designed in Haifa. Ditto for its successor the Nehalem. Now, I suggest the COE to invest in a processor design laboratory in Gaza. |
Posted by: JFM 2009-02-10 10:32 |
#7 Priceless, AC. |
Posted by: Nimble Spemble 2009-02-10 10:00 |
#6 "Investment grounds". huh? Sounds more like the Church of England got caught in another embarrassing lie to me. |
Posted by: Richard of Oregon 2009-02-10 09:46 |
#5 So, multi-cult dhimmis threaten to hit them with the proverbial strongly worded letter and the CoE shamans decide they don't need this investment after all. Lame denials notwithstanding, many prayers to St. Rachel de Jemima have been answered with this decision. Elsewhere, the British government is begging terrorists not to attack. We all know the great mercy and compassion the lions of Islam show for the weak and submissive. Let the |
Posted by: Atomic Conspiracy 2009-02-10 09:35 |
#4 TW, Intel doesn't just do business in Israel, many integrated ciruits used in PCs are invented and designed in Intel's Israeli branch. It is a main design center. Even more reason for the CoE to stop using PCs. |
Posted by: Cynicism Inc 2009-02-10 08:44 |
#3 And lets hope that from now on all members of CoE clergy shun juice doctors. |
Posted by: g(r)omgoru 2009-02-10 06:16 |
#2 I do hope the Church also has no investments in other companies that do business in Israel, such as Intel. It would, after all, be a travesty of justice to make an profits from the cleverness of juices. |
Posted by: trailing wife 2009-02-10 04:07 |
#1 May your stock portfolio chip and shatter. |
Posted by: SteveS 2009-02-10 02:00 |