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Friends Divest from Caterpillar!
Date:17 May 2012
Announcement from the U.S. Campaign to End the Israeli Occupation:
Quakers Divest from Caterpillar!
Have you heard the wonderful news? After a roller coaster United Methodist divestment campaign ending in partial victory, the US Campaign to End the Israeli Occupation is so excited to announce that the Quaker Friends Fiduciary Corporation (FFC), which holds over $200 million in assets, has divested from Caterpillar! FFC divested $900,000 in shares of Caterpillar, which continues to feel the pressure from all sides for its production and sale of weaponized bulldozers to Israel, used to violate Palestinian rights and destroy Palestinian homes, schools, hospitals, olive groves, and lives.
Ann Arbor Quakers asked FFC to divest and issued this warm statement of thanks:
"Ann Arbor Friends welcome the decision by Friends Fiduciary Corporation (FFC) to divest from Caterpillar Corp. This is a significant step since FFC handles investments for over 250 Quaker meetings, schools, organizations, trusts, and endowments around the US. In taking this action, FFC is truly upholding the core commitment of the Society of Friends to peace. We ask Friends and people of faith everywhere to join us in expressing thanks to FFC and asking them to continue divesting from all companies that are helping to sustain the Israeli occupation."
Read more and sign the petition to thank the FFC: http://endtheoccupation.org/article.php?id=3210