Success! US retirement giant TIAA-CREF has dropped all US-$73million in Caterpillar stocks

Dear All

We take great pleasure in forwarding a piece of good news received on 21 Jun 2012 from Jewish Voice for Peace:

“Something amazing happened yesterday [20Jun2012]. We learned that retirement giant TIAA-CREF has dropped all 73 million [US] dollars in Caterpillar stocks from their socially responsible investment fund.

“This is a watershed victory for us at Jewish Voice for Peace. We’ve been going to Caterpillar shareholder meetings since 2004 to highlight how CAT bulldozers have been used to destroy thousands of Palestinian homes and orchards. And we’ve been pushing for TIAA-CREF to drop CAT from its socially responsible “choice” fund since 2010.

“And now it’s happened!

“But we can’t stop here. With this win, the movement to pressure Israel to be accountable to international law is now on the verge of a historic breakthrough at the Presbyterian General Assembly in Pittsburgh next week–but we need your help to get us get there.

“The Presbyterian Church (USA), one of the largest Protestant denominations in the US, will be meeting to decide whether to divest from CAT and a few other companies profiting from the Israeli occupation. This is by far the most contested divestment vote in the US, and our pro-occupation opponents will be out in full force.

“There is a very good chance we’ll win, but we’re not taking any chances. We need your help to send a large delegation of Jewish activists-including myself, Rabbi Alissa Wise, and many of our Young, Jewish and Proud leaders toPittsburgh.

“We don’t have the hundreds of thousands of dollars for paid ads or celebrity speakers that our opponents have – but we do have amazing, committed, knowledgeable sincere and dedicated Jews who can walk the aisles side by side with our Palestinian allies and tell Presbyterian voters face to face to go with their conscience and vote on behalf of justice for all people.

“Please help us get our people there. We’ll be giving regular reports on Twitter and Facebook.

“Sydney Levy
Director of Advocacy
Jewish Voice for Peace

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About Oban Concern for Palestine

. . . supporting people in Palestine and Israel who oppose the occupation of the West Bank and Gaza. Oban Concern for Palestine are a group of Argyll residents who share an interest in Palestine, a friendship with its people and a deep concern for their welfare. And, for the sake of Israel, we want to encourage the government of Israel to comply with international law. Oban Concern for Palestine believe that the oppression of the Palestinian people is a grave wrong, that the government of Israel is in violation of international law, and that we have a duty to speak up and do what we can to bring it to an end. We welcome new members and supporters. For more information, please contact obanconcern4palestine AT gmail DOT com • +44 7747 300 062 • Oban Concern for Palestine, c/o Stronchriach, Rowan Road, Oban, Argyll, PA34 5TY, UK
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