In a transparent attempt to protect government mandated and lucrative product sales through forced paper delivery of shareholder reports, paper industry trade associations and an astro-turf consumer organization called The Coalition for Paper Options are petitioning the U.S. Court of Appeals for the District of Columbia to prohibit the recent Securities and Exchange Commission decision to eliminate a grotesque waste of paper that resulted from its previous, and out-of-date policies on the delivery of quarterly shareholder reports.

Earlier this year, the SEC carried out a carefully considered federal rule-making to modernize the delivery of fund reports and ultimately decided to the adopt Rule 30e-3. By taking a common-sense approach and reversing delivery from paper statements by default to electronic delivery with opt-in choices for paper, 30e-3 will provide significant environmental impact savings while continuing to offer investors clear, straightforward options to continue receiving paper reports when necessary or desired. The Environmental Paper Network and many other organizations submitted comments during the lengthy rule-making process and supported this rule change when it was announced in June.

The Coalition for Paper Options, (formerly known as the Consumers for Paper Options).  It was once memorably featured on the Colbert Report, you can see the clip here.

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