Mainstream institutions are finally beginning to embrace the boycott, divestment and sanctions movement targeting Israeli violations of human rights. Rachel Corrie's death spurred outrage and made Caterpillar a key target of Palestine solidarity activism. But it is only in the past few months that this activism finally began to have an impact on mainstream institutions invested in Caterpillar stock.
A resolution at the General Assembly of the Presbyterian Church (USA) to divest from three corporations which provide equipment used to maintain Israel’s occupation of Palestinian lands failed by a mere two votes on Thursday.
Yet despite this apparent setback, the movement to divest from such corporations has gained tremendous momentum in recent weeks.
A U.S. company that provides information on investments has taken Caterpillar off three of its environmentally and socially responsible investment indexes, citing controversy over the Israeli military using its bulldozers in Palestinian territories as one of the reasons.