In 1998, the federal government transferred responsibility for Yukon's oil and gas resources to the territorial government. With one gas field already producing in southeastern Yukon, the territory eagerly welcomes further investment in the oil and gas sector. Yukon's forest products sector is also gaining momentum. Many industries in Yukon count on a healthy store of renewable natural resources. Energy for most of the Yukon is currently provided by two hydro dam facilities augmented by diesel as required.
Alternative sources being explored include wind and solar power.
Growth is also increasing in alternative areas such as hi-tech and cultural industries.