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(Episcopal News Service) The central committee of the World Council of Churches on Monday commended the action of the Presbyterian Church (USA) in initiating a process of phased, selective divestment from multinational corporations involved in Israel, noting: "This action is commendable in both method and manner, uses criteria rooted in faith, and calls members to 'do the things that make for peace.'" It encouraged the WCC's 347 member churches "to give serious consideration to economic measures that are equitable, transparent, and non-violent." Churches with investment funds had "an opportunity to use those funds responsibly in support of peaceful solutions to conflict," the WCC noted. "Economic pressure, appropriately and openly applied, is one such means of action." 2005-02-22 00:00:00Full Article
World Council of Churches Gives Nod to Israeli Divestment Proposal
(Episcopal News Service) The central committee of the World Council of Churches on Monday commended the action of the Presbyterian Church (USA) in initiating a process of phased, selective divestment from multinational corporations involved in Israel, noting: "This action is commendable in both method and manner, uses criteria rooted in faith, and calls members to 'do the things that make for peace.'" It encouraged the WCC's 347 member churches "to give serious consideration to economic measures that are equitable, transparent, and non-violent." Churches with investment funds had "an opportunity to use those funds responsibly in support of peaceful solutions to conflict," the WCC noted. "Economic pressure, appropriately and openly applied, is one such means of action." 2005-02-22 00:00:00Full Article
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