US President Joe Biden’s brother, James, has abandoned a clean energy project in the UK after a White House review for a potential conflict of interest. This was reported by the Financial Times on Thursday, Trend reports referring to TASS.
James Biden and his wife Sarah, along with Reed Smith partner Peter Tyr, founded, according to the publication, the British limited liability company 2BT. It, in turn, formed Shelbourne Partners with the aim of “exploring promising investment opportunities, especially in the clean energy sector.” A few weeks after launching Shelbourne Partners and reviewing James Biden’s plans at the White House, Tyr said the group had scrapped the projects.
The check by the White House legal adviser’s office of a planned business in the United Kingdom is an integral part of the ethical rules introduced by the new US administration and designed to “draw the line between President Biden’s approach to his family’s financial interests and that of his predecessor, Donald Trump,” the newspaper emphasizes.
The new rules require members of the president’s family to first discuss potential business relationships or deals with their lawyers, and then, if necessary, report this to a White House attorney. After the lawyer makes recommendations, the family representatives make the final decision. The rules are designed to ensure that members of the President’s family do not have a conflict of interest with the US government.
“The President has adopted ethical rules and established standards for administration that surpass the rules and standards of any other administration in history. [страны], and include standards for his relatives, “- quotes the British edition of the words of one of the White House officials.
James Biden could not be reached for comments from the Financial Times. The White House declined to comment on the exact timing of the revision of the planned business of James Biden in the UK or his conclusions in this regard.