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The Church of England has been urged by its national assembly to
disinvest from the US-based construction
equipment company Caterpillar over the supply of bulldozers to Israeli
military forces. The general synod called for the church to end its
£2.5million ($4.36m) investment in the company over the
deployment of Caterpillar machines used to demolish Palestinian homes
in the West Bank and Gaza Strip. Caterpillar, the world’s largest maker
of construction and mining equipment, argues that it cannot be
held accountable for the way in which its machines are used, especially
as
they are often sold by intermediaries. The Church of England Ethical
Investment Advisory Group, which manages the church's £900m share
portfolio, has stressed that the synod's position is 'advisory only and
cannot compel or mandate
disinvestment'.
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