A Presbyterian committee accused five companies Friday of contributing to "ongoing violence that plagues Israel and Palestine" and pledged to use the church's multimillion-dollar stock holdings in the businesses to pressure them to stop.
The move follows a vote last year by leaders of the Presbyterian Church (U.S.A.) to put economic pressure on companies that profit from Israeli policy in the West Bank and Gaza.
The targeted companies are Caterpillar, Citigroup, ITT Industries, Motorola and United Technologies Corp.
Jewish leaders are deeply disturbed that the campaigns threatening divestment essentially borrow from the 1980s movement against South African apartheid.
Well, the shoe seems to fit...