Then you will know the truth, and the truth will set you free (JN 8:32)

World

Saturday, Feb 11, 2012

United Methodists to Withdraw Caterpillar Divestment Plans

United Methodist Church Earns Commitment by Construction Company to Review Conduct in Israeli-Palestine Conflict

0
  • Caterpillar divestment
    (Photo: UMNS / Kathy L. Gilber, File)
    Jim Winkler, top executive of the church's social action agency, speaks during a meeting of the Board of Church and Society in this undated file photo.
By Aaron Leichman , Christian Post Reporter
April 19, 2008|12:50 pm

The United Methodist Church announced this week that it had achieved “positive results” in its negotiations with large construction manufacturer Caterpillar Inc. to review use of its equipment and examine its ties to Israeli military forces.

The Protestant church body, which has a history of dedication to moral and social activism, notified the company that it would petition and divest its stock holdings in the corporation because of what it described as its profiteering in “illegal Israeli settlements.”

“Caterpillar equipment, fitted with armored plating, is used by Israeli Defense Forces to destroy Palestinian homes, orchards and olive groves in the Occupied Territories, and to clear Palestinian land for illegal Israeli settlements, segregated roads and the separation barrier,” UMC noted in a statement.

The denomination has about $5 million of its estimated $17 billion pension portfolio invested in Caterpillar stock, according to a press release on the UMC website.

Caterpillar’s response to The United Methodist Church, however, was deemed “positive” by the denomination, which subsequently announced that it would withdraw its petition of divestment.

In a statement, Caterpillar “affirmed the importance of continuing dialogue between Caterpillar and The United Methodist Church,” and announced that it would review its record concerning the use of its equipment.

Like us on Facebook

"Caterpillar's products are designed to improve quality of life. ... We do not condone the illegal or immoral use of any Caterpillar equipment. ... We expect our customers to use our products in environmentally responsible ways and consistent with human rights and the requirements of international humanitarian law,” the company expressed in a statement.

"We are committed to further conversations and possible philanthropic activities in Palestinian areas,” the company added.

The Rev. Tim Bias, senior pastor of First United Methodist Church of Peoria, Ill., where Caterpillar is based, spoke cheerfully of the new development, adding that his denomination plays an active role in helping to champion social justice.

"One of the values we hold as United Methodists is holy conferencing,” he said, according to UMC.

“If we are to bring transformation to the world, we will do it by building and gaining trust with persons of differing perspectives,” he added.

The Rev. W. Douglas Mills, executive of the United Methodist Commission on Christian Unity and Interreligious Concerns, also commented on the important deal their denomination had helped broker.

"I am very pleased to see the statement from Caterpillar and to see the positive fruits of dialogue," he said.

"By engaging [Caterpillar chief executive] Jim Owen and Caterpillar in this way, [Jim] Winkler (top executive of the United Methodist Board of Church and Society) has helped us underscore the value our denomination places on our interreligious relationships coupled with our commitment to social justice,” he added.

The United Methodist Church, with almost 8 million members in the United States, is the nation’s second largest mainline Protestant church body after the Southern Baptist Convention.

0
Top Stories

Romney Vows to Be Pro-Life President If Elected

Mitt Romney told CPAC social conservatives on ...

Catholic TV Network Sues Gov't Over Contraception Rule

A Catholic television network has decided to sue ...

NYC Pastor on 40-Day Water-Only Fast to Protest School Worship Ban

A Manhattan pastor is going into day 26 of a ...

Evangelicals 'Outraged' by Obama's Contraceptive Compromise

President Obama's attempt at a "compromise" in ...

Lawsuit Claims Unlawful Distribution of 'Charitable Assets' by TBN Directors

A lawsuit recently filed by the former head of finance for the Trinity Broadcasting Network claims that the directors of the widely-viewed Christian television network have illegally taken advantage of more than $50 million in "charitable assets" for their own good.

Kirk Cameron Joins Rick Warren, Billy Graham on Strict Female Rule

"Growing Pains" star and born-again Christian ...

NJ Megachurch to Sing Adele, Bruno Mars, Cee-Lo Songs

Liquid Church, one of New Jersey's fastest ...