Joe Biden’s brother James abandons clean energy project in UK after a White House ethics review

President Joe Biden‘s brother James Biden has abandoned a new clean-energy investment firm he launched in the United Kingdom after a White House ethics review and new rules aimed at banning conflicts of interest.

James Biden, and his wife Sarah Biden, had started a limited liability partnership called 2BT, Financial Times reported, which planned to invest in firms transitioning away from using fossil fuels to green energy sources instead.

The Bidens and Peter Teare, a partner at Reed Smith, established another venture called Shelbourne Partners through 2BT, but that project has since been abandoned.

Teare told Financial Times it would be ‘mistaken’ to think that decision to scrap the company was related to the review – but did not appear to provide another explanation for why the project was axed.  

James Biden, and his wife Sarah Biden, had started a limited liability partnership called 2BT that recently launched in the United Kingdom aimed at investing in green projects 

The project has since been abandoned after a White House ethics review and new rules established by the Biden administration aimed at banning conflicts of interest

The project has since been abandoned after a White House ethics review and new rules established by the Biden administration aimed at banning conflicts of interest

Joe Biden, left, is pictured with his brother James Biden, right, at Ellen's Homemade Ice Cream in Charleston, West Virginia in 2008

Joe Biden, left, is pictured with his brother James Biden, right, at Ellen’s Homemade Ice Cream in Charleston, West Virginia in 2008

He told the outlet that he could not discuss the private business affairs of the Bidens, including reasons ‘why they may decide to pursue a particular opportunity or not.’

Shelbourne Partners was established to ‘explore prospective investment opportunities, particularly in the clean-energy sector,’ Teare told the Financial Times. 

But just weeks after it was launched, the White House completed the review of the business plans to conform to strict new rules President Biden’s administration has introduced.

The Biden administration has sought to draw a distinct line between his approach to the business interests of his family members and the approach of former President Donald Trump, who often faced scrutiny for his family’s business interests. 

He hired daughter Ivanka and son-in-law Jared Kushner as senior White House advisers, with son Donald Jr also acting as a campaign spokesman for his dad.  

During the 2020 presidential election, Biden came under fire for revelations that his son Hunter Biden had taken a position on the board of a Ukrainian energy company called Burisma when he was vice president during the Obama administration. 

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