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flag Exxon’s $100 million STEM donation called a PR stunt by Guyanese officials who say it ignores systemic inequities and tax loopholes.

flag Guyanese officials and experts dismiss Exxon’s $100 million STEM pledge as a symbolic gesture that fails to address systemic economic inequities, noting the donation represents less than 1% of Exxon’s projected $110 billion profits from Guyana’s oil. flag Critics highlight that the government pays all of Exxon’s taxes upfront—$1.24 billion in 2024—then issues receipts the company uses to claim foreign tax credits, effectively shifting the financial burden to the public. flag They argue the gift is a public relations tactic that distracts from the need to renegotiate the oil contract, implement ringfencing to boost Guyana’s revenue share, and ensure fair wages, local hiring, and environmental compliance.

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