Jan. 13, 2016
United Methodist Church Divests from Israeli Banks – Rachel Zoll (AP-U.S. News)
The pension fund for the United Methodist Church has blocked five of Israel’s leading banks from its investment portfolio.
It sold off Israeli bank stock worth a few million dollars and sold holdings worth about $5,000 in the Israeli real estate and construction company Shikun & Binui.
The pension board identified Israel and the Palestinian territories among more than a dozen “high risk” countries or regions with “a prolonged and systematic pattern of human rights abuses.”
Other countries on the list include Saudi Arabia, the Central African Republic and North Korea.