Earth-moving equipment maker Caterpillar (NYSE:CAT) has been removed from the socially responsible share index, managed by US investment firm MSCI, over Israeli use of its bulldozers for demolition in Palestine.
In a statement, the MSC said practices were one of the “key factors” in its decision to downgrade Caterpillar, although it also cited employee safety concerns, environmental issues and the closing of EMC’s locomotive plant in Ontario, Canada, last February.
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2 Comments
Mteal Face
More idiocy – I’m buying Caterpillar stock!
Chris
I agree Mteal Face – more PC BS. No credibility from this organization