You can, but not as a minor. Nor can your parents sign away your citizenship on your behalf. You have appear in front of a US consular officer as an adult and swear that you intend to renounce your citizenship.
A very plausible theory in there.
“You have appear in front of a US consular officer as an adult and swear that you intend to renounce your citizenship.”
And continue to pay U.S. taxes for at least the next 10 years after that.