Regular readers will know I strongly oppose generalised boycotts of Israel - particularly from organisations that don't have boycott policies against other unethical regimes. I also reject the idea that Israel is an "apartheid state". I'm not going to rehearse the arguments here - my position is best articulated by my comrades over at Engage.
I do, however, support divestment from specific companies that are acting unethically in the Occupation, if this is part of a comprehensive international ethical policy. For this reason, I supported the Church of England's divestment from Caterpillar, even if I did not buy all of the reasoning behind it. So I'm not joining my fellow anti-anti-Zionists in their delight at the decision not to divest.