Arab Today, arab today caterpillar is cut from investment lists
Last Updated : GMT 15:32:42
Arab Today, arab today
Arab Today, arab today

Israeli’s use of products cited as reason

Caterpillar is cut from investment lists

Arab Today, arab today

Arab Today, arab today Caterpillar is cut from investment lists

Caterpillar Inc.
London - Agencies

Caterpillar Inc. A US company that provides information on investments has taken Caterpillar off three of its environmentally and socially responsible investment indexes, citing controversy over the Israeli Defense Force (IDF) using its bulldozers illegally in Palestinian territories as one of the reasons.
MSCI Inc. said Caterpillar was downgraded earlier this year because of several concerns, including a January labor dispute in Canada, environmental issues, employee safety and "an ongoing controversy associated with use of the company’s equipment in the occupied Palestinian territories."
The dropped environmental and social rating led Caterpillar to be removed from several of its investment lists.
Pro-Palestinian activists who have urged boycotts welcomed the move. Since the downgrade, the TIAA-CREF financial services firm divested itself of $72 million in Caterpillar stock, dwarfing earlier divestments by smaller groups, according to the Jewish Telegraphic Agency.
TIAA-CREF told the agency that it had not been moved by activist pressure, but that the decision was tied directly to its "social screen vendor," MSCI.
Israeli and Jewish groups opposed to the boycott movement were disappointed by the decision, fearing it could affect an upcoming discussion by the Presbyterian Church over whether to divest from companies selling products to the Israeli military.
Caterpillar has been under added pressure since US activist Rachel Corrie was run over and killed by an Israeli military bulldozer nine years ago. A lawsuit against the company over her death was dismissed.
According to peace activists, the IDF, using Caterpillar bulldozers, have razed thousands of Palestinian homes since 1967 and destroyed hundreds of thousands of trees in Palestinian-owned orchards in the last few years alone.
Caterpillar has stated that its bulldozers are purchased by the US government and given to Israel through the US Foreign Military Sales Program created under the Camp David Accord.  These military exports are part of the US government’s foreign aid package to Israel.
Some activists assert that because the bulldozers are given to Israel through the US Foreign Military Sales Program, they are considered military in nature.  It claims that the United States therefore is violating the US Arms Export Control Act, which prohibits the use of military aid against civilians.  In which case, they contend that Caterpillar could withdraw from the Pentagon program if it wanted to.
"We hope and wish for a peaceful solution to the unrest in the Middle East, but that solution is a political matter to be worked out by the appropriate parties," Caterpillar spokesman Jim Dugan said in a statement according to the Los Angeles Times.
"Caterpillar does not and should not have a role in that political process.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today caterpillar is cut from investment lists Arab Today, arab today caterpillar is cut from investment lists

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom,China plunges into biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom,China plunges into biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues

GMT 08:51 2017 Saturday ,25 February

Shaking off dieselgate, VW races back into profit

GMT 08:48 2017 Saturday ,25 February

France's Macron takes on critics over 'vague' programme

GMT 10:10 2017 Friday ,24 February

France's Macron gets boost, but election is wide open

GMT 12:38 2017 Thursday ,23 February

Lower fares hit Qantas first half profit

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday