October 2000 Executive Summary The UK has a wealth of indigenous energy resources, with abundant supplies of oil, gas and coal, as well as valuable technical expertise for maintaining and utilising these resources. In its position as one of the most energy-rich countries in Europe, it is uniquely placed to profit from a strong energy market.
Oil is of considerable importance to the UK economy.
Activities in this sector have been concentrated on restructuring the industry to meet the needs of full competition and choice for all consumers. Nuclear energy a declining resource in the UK, where nuclear power stations are being decommissioned. However, the country is recognised as a market leader in fuel fabrication, reprocessing and nuclear technology, which provides good export opportunities. Coal for which there are plentiful resources but a declining market. Renewables sources of energy such as the wind, solar power and biomass fuels provide more environmentally friendly alternatives which are receiving government support and encouragement.