Tuesday, March 07, 2006
Church Synod snubbed by Ethical Investment Group
In a move that will be seen by campaigners as a snub to the Church of England's 'Parliament', the Church’s Ethical Investment Advisory Group (EIAG) has said it will not recommend disinvestment from the US company Caterpillar for its involvement with Israel.
Their announcement follows a vote by the Church of England's General Synod last month which urged that the call from Christians in the Middle East "to disinvest from companies profiting from the illegal occupation" be heeded.
Credit to the advisory group which released a very fair statement. “The EIAG recognises that the particular topic debated by Synod is hugely contentious, and EIAG members, like other Christians, have different perceptions of the situation in the Middle East. The Group in general, and its officers in particular, have spent an unusually large amount of time in engagement with Caterpillar and with the various groups representing Palestinian and Israeli, Jewish and Christian opinion seeking to influence its decision."
Let us hope that all organisations that deal with boycotts involving Israel will show as much sense as the EIAG.