BIRMINGHAM, Alabama - The largest US Presbyterian church voted on Wednesday to back off a policy to divest its holdings in companies doing business with Israel that profit from the ongoing Mideast violence.
The 2.5-million-member Presbyterian Church USA. voted at its biennial convention to replace an order of divestment adopted two years ago with a broader directive to employ its investments only for peaceful pursuits.
No money in its US$8 ($13.06) billion portfolio had yet been divested.
- REUTERS
US Presbyterians drop threat to divest from Israel
AdvertisementAdvertise with NZME.
