CofE Investment Body Rejects Synod Vote to Disinvest

The Ethical Investment Advisory Group (EIAG) of the Church of England has ignored the recent Synod vote in favour of disinvestment from companies “profiting from the illegal occupation” of Palestine by refusing to recommend disinvestment from the controversial U.S. giant Caterpillar.

Members of the Church of England voted at last month’s General Synod in favour of urging Christians in the Middle East “to disinvest from companies profiting from the illegal occupation” of Palestine.

In a statement released Tuesday, the EIAG disclosed the results of a recent specially convened meeting on the Synod vote where EIAG members reaffirmed their September 2005 position not to disinvest in Caterpillar, reports Ekklesia.