SherriMunnerlyn
VIP Member
- Jun 11, 2012
- 12,201
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Another BDS Victory!
And how proud I am as a Christian that this beautiful BDS Movement was inspired by a previous BDS Movement carried out by Christians in South Africa to defeat Apartheid there.
BDS will only grow and become a major force in ending Apartheid in Palestine, as it was in South Africa.
Dutch pension giant ditches Israeli banks over involvement with settlements
Alex Kane*on January 8, 2014*
"Major Israeli financial institutions woke up to the news today that a Dutch pension fund has pulled out its investments because of the banks involvement in the occupied West Bank. The move,*first reported byHaaretzs Barak Ravid, means that tens of millions of euros from the fund would be pulled out from five Israeli banks:*Bank Leumi, Bank Hapoalim,*Bank Mizrahi-Tefahot, Israel Discount Bank and*the First International Bank of Israel."
According to the article, the pension fund that made the announcement is PGGM, one of the biggest in the world. The banks affected have either branches in illegal settlements or finance the settlements construction.
PGGM explained, in a statement, that the decision to divest came after engagement with the banks made clear they would not halt activities in the occupied territories. *
For several years PGGM has been in dialogue with these banks, the statement said. The reason for this engagement was their involvement in financing Israeli settlements in the occupied Palestinian territories. This was a concern, as the settlements in the Palestinian territories are considered illegal under international humanitarian law.
And here we read why these BDS actions are growing stronger:"PGGM cites the International Court of Justices 2004 advisory opinion that West Bank settlements are in violation of the Geneva Convention."
Dutch pension giant ditches Israeli banks over involvement with settlements | Mondoweiss
And how proud I am as a Christian that this beautiful BDS Movement was inspired by a previous BDS Movement carried out by Christians in South Africa to defeat Apartheid there.
BDS will only grow and become a major force in ending Apartheid in Palestine, as it was in South Africa.
Dutch pension giant ditches Israeli banks over involvement with settlements
Alex Kane*on January 8, 2014*
"Major Israeli financial institutions woke up to the news today that a Dutch pension fund has pulled out its investments because of the banks involvement in the occupied West Bank. The move,*first reported byHaaretzs Barak Ravid, means that tens of millions of euros from the fund would be pulled out from five Israeli banks:*Bank Leumi, Bank Hapoalim,*Bank Mizrahi-Tefahot, Israel Discount Bank and*the First International Bank of Israel."
According to the article, the pension fund that made the announcement is PGGM, one of the biggest in the world. The banks affected have either branches in illegal settlements or finance the settlements construction.
PGGM explained, in a statement, that the decision to divest came after engagement with the banks made clear they would not halt activities in the occupied territories. *
For several years PGGM has been in dialogue with these banks, the statement said. The reason for this engagement was their involvement in financing Israeli settlements in the occupied Palestinian territories. This was a concern, as the settlements in the Palestinian territories are considered illegal under international humanitarian law.
And here we read why these BDS actions are growing stronger:"PGGM cites the International Court of Justices 2004 advisory opinion that West Bank settlements are in violation of the Geneva Convention."
Dutch pension giant ditches Israeli banks over involvement with settlements | Mondoweiss