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Churches Accused of Military Stockholdings Tainted by War Profits
A National Council of Churches unit accuses 10 Protestant denominations of complicity through stockholdings in 29 defense contractors. The 50 page report cites about $203 million in church investments linked to more than $10 billion in war material, urging leaders to examine ethics and consider proxy actions. Major investors include United Methodist, United Presbyterian, American Baptist, and Episcopal churches, with total church portfolios around $1.5 billion and broader religious assets approaching $22 billion.
MENTIONED IN THIS ARTICLE
New York
National Council of Churches
United States
National Council
Frank P. White
United Methodist Church
The
Christian Church (Disciples
United Presbyterian Church
American Baptist Convention
Lutheran Church In America
Protestant Episcopal Church
United Church of Christ
Church of the Brethren
Presbyterian Church In the
Unitarian Universalist Association
American Telephone and Telegraph Company
Standard Oil Company
New Jersey
Ford Motor Company
United Aircraft Corporation
Litton Industries, Inc
General Electric Company
International Business Machines Corporation
Southeast Asia
Disciples
White
Office of Resource Studies
Division of Christian Life and Mission
Defense Contract
Presbyterian Church
Unitarian Universalist
Earl Butz
Vermont
Washington
Lockheed
Penn Central Railroad
Springfield
Bellows Falls
Barre