The Nuclear Trust owns the Nuclear Liabilities Fund which is responsible for meeting decommissioning cost of British Energy’s existing nuclear power stations, together with defuelling costs and certain British Energy uncontracted liabilities. The Shareholder Executive advises the Secretary of State for Energy and Climate Change on the Nuclear Liabilities Fund’s holdings as part of its role of managing a portfolio of public sector bodies on behalf of Government. The work of the shareholder executive is set out in its annual report.