BDS Victory: TIAA-CREF Removes CAT from their SRI Fund!

This is a major victory! From our partners at WE DIVEST:

Caterpillar Removed from TIAA-CREF’s Social Choice Funds

Victory for Pro-divestment Advocates

June 21, 2012- Pension fund giant TIAA-CREF has removed Caterpillar, Inc. from its Social Choice Funds portfolio. As of May 1, 2012, financial data posted on TIAA-CREF’s website valued Social Choice Funds shares in Caterpillar at $72,943,861. Today it is zero.

“We applaud this decision,” said Rabbi Alissa Wise, Director of Campaigns at Jewish Voice for Peace and National Coordinator of the We Divest Campaign (www.wedivest.org). “It’s long past time that TIAA-CREF began living up to its motto of ‘Financial Services for the Greater Good’ when it comes to the people of Israel and Palestine.”

Since 2010, We Divest has been urging TIAA-CREF to drop Caterpillar and other companies profiting from and facilitating Israel’s 45-year-old military occupation and colonization of the Palestinian West Bank, East Jerusalem, and Gaza Strip.

“By selling weaponized bulldozers to Israel, Caterpillar is complicit in Israel’s systematic violations of Palestinian human rights,” said Rabbi Wise. “We’re glad to see that the socially responsible investment community appears to be recognizing this and is starting to take appropriate action.”

Caterpillar has come under increasing criticism from human rights organizations in recent years for continuing to supply bulldozers to Israel, which uses them to demolish Palestinian civilian homes and destroy crops and agricultural land in the occupied territories, and to build illegal, Jewish-only settlements on Palestinian land.

In the coming weeks, many will be watching the Presbyterian Church (USA) General Assembly taking place in Pittsburgh, where church commissioners will vote on a motion to divest from Caterpillar and two other companies, Motorola Solutions and Hewlett-Packard, that remain in TIAA-CREF’s Social Choice Funds.

Last month, Friends Fiduciary, a Quaker institution, divested $900,000 worth of shares in Caterpillar stating: “We are uncomfortable defending our position on this stock.”

What Others are  Saying

Omar Barghouti, Palestinian human rights activist and founding member of the BDS movement said, “CAT is out of the bag of TIAA-CREF’s socially responsible companies thanks to the inspiring campaign waged by JVP and its partners, with vision, persistence and tactical skillfulness. Palestinian civil society, represented by the BDS National Committee (BNC), deeply appreciates these efforts and believes that more pressure will ultimately convince TIAA-CREF to fulfill its basic moral obligation to finally divest from CAT and all other corporations that are complicit in Israel’s grave and escalating violations of international law and human rights.”

Cindy and Craig Corrie, Rachel Corrie’s parents said, “For nearly a decade, we have witnessed human rights abuses committed with Caterpillar equipment in the West Bank and Gaza and have joined thousands who have asked the company to stop supporting these actions.  We are hugely gratified that TIAA-CREF has taken this step.  When governments and corporations avoid responsibility, we must refuse to profit from their abuses. Our family salutes and thanks TIAA-CREF for this decision that moves all of us closer to accountability.”

Student groups at Evergreen have endorsed a CAT-boycott on campus

This is a significant victory for Evergreen State College where there has been a campaign to boycott and divest from Caterpillar for several years. Evergreen student Rachel Corrie was crushed to death by a Caterpillar D9 weaponized bulldozer in Rafah, Gaza Strip, as she attempted to prevent the illegal demolition of a Palestinian family's home in 2003. Up until today, Evergreen State College faculty whose retirement funds are administered by TIAA-CREF, including many of Rachel's teachers and friends, had no investment options that excluded the corporation that was complicit in her death.

In 2010, the Evergreen student body voted in a landslide victory (71.8%) to declare Evergreen a CAT-Free zone and to endorsed a boycott of Caterpillar Inc. products on campus.

Student-run cafe at Evergreen State College boycotts Israeli products over human rights abuses

Student-Run Cafe at The Evergreen State College Announces Boycott of Israeli Products
The Flaming Eggplant Café joins the global movement for Palestinian Human Rights

Olympia, WA -- On Monday June 4, 2012 The Flaming Eggplant Café, a student worker collective at The Evergreen State College (TESC), formally announced its decision to boycott Israeli goods, becoming the most recent business to join the growing international Boycott, Divestment and Sanctions (BDS) movement.

According to the Flaming Eggplant’s mission statement, one of the cafe’s goals is to “nourish the local food system by making delicious, healthy, ecologically and socially just food accessible to all.” In its statement of principles, the collective also expresses its commitment to “supporting political participation and direct action to create a just and egalitarian society.” Office Coordinator Cris Papaiacovou said, “We came to a consensus as a collective to support the Palestinian civil society call for BDS because it is directly in line with our mission and statement of principles.” He added, “We are proud to join this non-violent movement to pressure Israel until it ends its human rights violations against Palestinians.”

The BDS movement began in 2005, when over 170 Palestinian civil society organizations issued a call for widespread BDS campaigns against Israel until the country abides by international law and human rights standards. The BDS call has become an international movement, endorsed by renowned figures such as Desmond Tutu, Alice Walker, and Angela Davis.

The café’s support of the boycott becomes the latest victory in ongoing student-led activism for Palestinian human rights at TESC. In the Spring of 2010, the student body voted overwhelmingly to support two resolutions, one calling for divestment from companies profiting from Israel’s occupation of Palestine, and the other prohibiting the use of Caterpillar Inc. equipment on campus. Rachel Corrie, an Evergreen student, was killed in 2003 by a weaponized Caterpillar bulldozer operated by the Israeli military as she attempted to prevent the demolition of a Palestinian family’s home in the Gaza Strip.

“We are incredibly proud of the Flaming Eggplant for taking this stand,” said Elizabeth Moore, a student and TESC Divest! organizer. “Due to the absence of accountability shown by our administration, we as students will continue to take the initiative in promoting a just peace in Palestine and Israel.”

TESC Divest! is a student-led organization in Olympia, Washington working to end Evergreen State College’s complicity in Israel’s abuses of Palestinian human rights through the non-violent tactic of divestment.

The Statement released by the Eggplant collective below:


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Statement on Boycott of Israeli Products From The Flaming Eggplant

We, The Flaming Eggplant Cafe, have decided to join the call from Palestinian civil society to boycott Israeli products. "These non-violent punitive measures should be maintained until Israel meets its obligation to recognize the Palestinian people’s inalienable right to self-determination and fully complies with the precepts of international law by:
       
1. Ending its occupation and colonization of all Arab lands and dismantling the Wall;        

2. Recognizing the fundamental rights of the Arab-Palestinian citizens of Israel to full equality; and        

3. Respecting, protecting and promoting the rights of Palestinian refugees to return to their homes and properties as stipulated in UN resolution 194." (from the Palestinian Civil Society call for BDS)

Our Mission Statement outlines a commitment to serving socially just food. Israel’s policy of illegal land seizure and destruction on Palestinian lands means purchasing items from Israel is in conflict with our mission.

As a student-run collective with the stated principle of supporting direct action for a just and egalitarian society, and as a café representing the student body at large, we feel it is important to uphold the desire for boycott and divestment as voted for by the students at The Evergreen State College. "

Update : June 5

Wanna learn more about the work and vision of The Flaming Eggplant Cafe? Check out this documentary!