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On 16 March 2003, a Caterpillar bulldozer, northstar consulting group nyc driven by an Israeli soldier, killed the activist states-Stator Rachel Corrie northstar consulting group nyc as she peacefully opposed the demolition of Palestinian homes in Rafah in the Gaza Strip. The giant pension fund TIAA-CREF Caterpillar withdrew its portfolio of the Fund to social criteria. May 1, 2012, the financial data posted northstar consulting group nyc on the website northstar consulting group nyc of TIAA-CREF shares of the Fund amounted to social criteria in the Caterpillar company to $ 72,943,861. Today they are zero.
"We applaud this decision," said Alissa Rabbi Wise, director of campaigns Jewish Voice for Peace (JVP) and national coordinator of the campaign We Divest. It is high time that TIAA-CREF to its motto Financial services for the good of all when it comes to Israel and Palestine.
Since 2010, We Divest urge TIAA-CREF to drop Caterpillar and other companies that encourage and take advantage of the military occupation and colonization by Israel, and for 45 years, the West Bank, East Jerusalem and Gaza Palestinian Gaza.
"By selling bulldozers to Israel militarily equipped, Caterpillar is complicit systematic violations of Israel against Palestinian northstar consulting group nyc human rights," said Rabbi Wise. "We are pleased to see that the socially responsible investment community seems to recognize this and begins to act appropriately.
Caterpillar is the subject of increasing criticism from human rights northstar consulting group nyc organizations in recent years as it continues to provide bulldozers to Israel that uses them to demolish the homes of Palestinian civilians and destroy crops and land farm in the occupied territories and to build illegal settlements for Jews on Palestinian land.
In the coming weeks, many will be attentive to the General Assembly of the Presbyterian Church (USA) to be held in Pittsburg, and where the members of the commission will vote on a motion to divest from Caterpillar and two other companies, Motorola Solutions and Hewlett-Packard, which are still in the fund to social criteria TIAA-CREF.
Last month, Friends Fiduciary (Friends of the Trustee), a Quaker institution, was divested for a total of $ 900,000 of shares in Caterpillar stating: "We are uncomfortable defending northstar consulting group nyc our position on these values. " northstar consulting group nyc
Omar Barghouti, northstar consulting group nyc a Palestinian activist human rights and founding member of BDS (boycott, divestment, sanctions): northstar consulting group nyc "CAT is out of the bag of socially responsible companies TIAA-CREF, thank you to the exciting campaign JVP and its partners wisely, persistence and tactical skill. Palestinian civil society, represented by the BDS National Committee (BNC), greatly appreciates these efforts and think even more pressure will eventually convince TIAA-CREF to fulfill its moral obligation and, ultimately, to CAT and divest from all companies complicit serious and growing violations of international law and human rights. "
Cindy and Craig Corrie, Rachel Corrie's parents: "For nearly a decade we are witnessing human rights violations perpetrated with Caterpillar equipment in the West Bank and Gaza, and we got to the thousands of people who ask to the company to stop supporting these actions. We are extremely pleased that TIAA-CREF has taken this decision. When governments and companies want to ignore their responsibilities, we must refuse to enjoy ourselves of their violations. Our family welcomes and thanks, TIAA-CREF for its decision that pushes each of us face its responsibilities. "
Jennifer Bing, Programme Director for the Middle East Chicago office of American Friends Service Committee (AFSC), a member organization of the campaign's coordination committee We Divest: "As an institution client of TIAA-CREF, which has divested itself of Caterpillar, is an encouragement northstar consulting group nyc to us to see that this first big decision and a big step towards creating northstar consulting group nyc a portefe
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