James Biden has abandoned the UK energy project after studying the White House
President James Biden’s brother James has left a clean energy project in the UK after examining potential conflicts of interest in the White House.
James Biden set up an investment vehicle in May with a lawyer for a UK corporation and two Argentine businessmen. But the plan was thrown out a few weeks later in the White House under strict new rules introduced by the Joe Biden administration. The company is asleep now.
James Biden and his wife, Sara Jones Biden, launched 2BT, a UK limited liability company, along with partner Reed Smith Peter Teare. 2BT created another vehicle, Shelbourne Partners, to “explore future investment opportunities, especially in the clean energy sector,” according to Tear.