Quaker group divests from companies working in Israel

A Quaker group has removed a French and an American company from its financial portfolio due to what it calls the companies’ involvement with Israel’s occupation of Palestinian lands.

Friends Fiduciary Corporation will drop the French multinational corporation Veolia Environment and the U.S.-based Hewlett-Packard from its portfolio following requests from Quakers concerned about the companies’ involvement in the Israeli military occupation of Palestinian lands.

FFC has investments of more than $250,000 in HP and more than $140,000 in Veolia, according to the We Divest Campaign. The money is part of an overall $200 million in assets and investments for more than 250 Quaker meetings, schools, organizations, trusts, and endowments around the country.

Source and full story: Jewish Journal, 28 Sept 2012