The federal Liberal government’s budget touts $56 billion in tax cuts to spur investments in climate change measures. These come in response to the US Biden Administration’s Inflation Reduction Act, which similarly leaned on private sector investment to move towards a so-called green economy. Some have commented that these tax cuts and subsidies towards big businesses, to incentivize greener business transformation, electrification, and tech development, constitute a new green industrial policy for Canada. But is this a real green industrial policy?