Oh come on. He is clearly referring to the problem of water being wasted as a valueless common good, mostly in the western world. And indeed, what is happening for instance in California right now can be seen as tragedy of commons problem (see e.g. http://legal-planet.org/2015/07/13/tragedy-of-the-commons-ca...)
But sure, if you need to confirm the BigCo CEO as incarnation of Satan, go ahead...