The Church of England has said it is unlikely to sell its £2m stake in Caterpillar, whose bulldozers were used by the Israeli government to demolish Palestinian homes, even if the Anglican Church backs a call to take action over investments deemed to support Israel's presence in the occupied territories.

A report by the Anglican Justice and Peace Network, a lobby group within the church, has urged "appropriate action" in the case of investments "that support the occupation of Palestinian lands and violence against innocent Israelis".