Presbyterians may divest funds
NEW YORK (AP) — The Presbyterian Church (U.S.A.) appears to be on the brink of handing a major victory to a movement that wants institutions to wield their investment dollars against Israel over its treatment of the Palestinians.
The Presbyterian General Assembly, gathering in Detroit through next week, will consider withdrawing its investments from some companies whose products are used by the Israeli government in the Palestinian territories.
Divestment advocates were narrowly outmaneuvered at the last Presbyterian convention in 2012, losing a crucial ballot by just two votes. They enter this year’s fight with signs of increasing momentum, within and outside the church.
The broader movement, known as BDS — which stands for boycott, divestment and sanctions against Israel — has scored some successes in Europe and elsewhere but has had far less influence in the U.S., Israel’s closest and most important ally.